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Hopp INC.., manufactures custom- ordered commemorative beer steins. Its standard cost information follows:
Standard Quantity Standard $(rate) Standard unit cost
Direct Materials (day) 1.70lb $1.80 per LB $3.06
Direct Labor 1.70 hrs $ 15.00 per hr 25.50
Varible Manufac overhead(based of DL hours) 1.70hr 1.10 per hr 1.87
Fixed Manufac Overhead(338,000.00 + 130,000.00 unit) 2.60
Hopp inc had the following actual results last year:
number of units produced and sold 135,000
Number of pounds of clay used 238,200
cost of clay $ 404,940
number of labor hours worked 180,000
direct labor cost $ 3,510,000
Varible overhead cost $ 260,000
Fixed overhead cost $ 350,000
Direct Materials price variance ?
DM quantity Variance ?
DM spending variance ?
Direct labor rate Variance ?
DL efficency variance ?
DL spending variance ?
Variable overhead rate variance ?
VOH efficency variacnce ?
VOH spending variance?
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