Barley Hopp, Incorporated, manufactures custom-ordered commemorative beer steins. Its standard cost information follows:   Standard Quantity Standard Price (Rate) Standard Unit Cost Direct materials (clay) 1.60 pounds $ 1.70 per pound $ 2.72 Direct labor 1.60 hours $ 14.00 per hour 22.40 Variable manufacturing overhead (based on direct labor hours) 1.60 hours $ 1.30 per hour 2.08 Fixed manufacturing overhead ($352,000.00 ÷ 160,000.00 units)         2.20 Barley Hopp had the following actual results last year: Number of units produced and sold 165,000 Number of pounds of clay purchased and used 298,200 Cost of clay $ 536,760 Number of labor hours worked 210,000 Direct labor cost $ 3,780,000 Variable overhead cost $ 320,000 Fixed overhead cost $ 355,000 Required: Calculate the direct materials price, quantity, and total spending variances for Barley Hopp. Calculate the direct labor rate, efficiency, and total spending variances for Barley Hopp. Calculate the variable overhead rate, efficiency, and total spending variances for Barley Hopp.

Northwest Company produces two types of glass shelving: rounded edge and squared edge. The company reports the following cost data. Rounded Edge Squared Edge $ 44,800 Total $ 76,000 Direct materials Direct labor Overhead (using plantwide rate) Total product cost $ 31,200 12,200 36,600 Units produced Product cost per unit. 23,800 71,400 36,000 108,000 $ 80,000 10,000 $ 8 $ 140,000 14,000 $ 10 $ 220,000 Northwest's controller wants to apply activity-based costing to allocate the $108,000 of overhead cost to the two products to see whether product cost per unit would change markedly from that above. The company's budgeted activity usage equals its actual activity usage for the period. The following additional information is collected. Activity Purchasing Budgeted Cost $ 5,400 Depreciation of machinery Setup 56,600 46,000 Activity Cost Driver Purchase orders Machine hours Setups Rounded Edge 109 orders 500 hours 40 setups Activity Usage Squared Edge 431 orders 1,500 hours 210 setups Total…

ELU Company makes two products in a single facility. These products have the following unit product costs:   Product A Product B Direct materials $10.90 $15.80 Direct labour 12.50 12.60 Variable manufacturing overhead 2.40 1.20 Fixed manufacturing overhead 11.60 7.20 Unit product cost $37.40 $36.80 Additional data concerning these products are listed below.   Product A Product B Mixing minutes per unit 2.00 1.00 Selling price per unit $55.80 $54.60 Variable selling cost per unit $2.10 $1.40 Monthly demand in units 2,000 1,000   The mixing machines are potentially a constraint in the production facility. A total of 4,000 minutes are available per month on these machines. Direct labour is a variable cost in this company.   Required: How many minutes of mixing machine time would be required to satisfy demand for both products? How many of each product should be produced, rounded to the nearest…

ABC company manufactures rivets in an automated factory. The company uses standard costing system to control costs & to assign costs to its inventory. Price Standard Quantity Standard Direct material $3/ unit 16 meters/rivet Direct labour $11 per hour 3 hours per rivet Variable overheads are estimated at $5.50 per rivet. Fixed overheads are $26,000 per month. The standard fixed overhead rate is based on an estimated production of 1,000 per month. Required: a. Prepare a production budget for the coming year based on a planned production of 12,000 rivets. b. Compare the budget prepared in a) with a flexible budget based on actual production of 15,000 rivets.