Can you also calcultae variable overhead rate, efficiency and total spending variances for Barley Hoop Barley Hopp,

Can you also calcultae variable overhead rate, efficiency and total spending variances for Barley Hoop

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Barley Hopp, Incorporated, manufactures custom-ordered commemorative beer steins. Its standard cost information follows: Standard Direct materials (clay) Direct labor 05 Variable manufacturing overhead (based on direct labor hours) Fixed manufacturing overhead ($250,000+ 100,000 units) Standard Quantity 1.5 pounds Standard Price (Rate) 1.5 hours $ 1.60 per pound $ 12.00 per hour Unit Cost $ 2.48 18.00 1.5 hours $ 1.20 per hour 1.80 2.50 Barley Hopp had the following actual results last year: Number of units produced and sold Number of pounds of clay purchased and used Cost of clay Number of labor hours worked Direct labor cost Variable overhead cost Fixed overhead cost Required: 110,000 178,200 $ 267,300 150,000 $ 2,025,000 $ 200,000 $270,000 1. Calculate the direct materials price, quantity, and total spending variances for Barley Hopp. 2. Calculate the direct labor rate, efficiency, and total spending variances for Barley Hopp. 3. Calculate the variable overhead rate, efficiency, and total spending variances for Barley Hopp. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Calculate the variable overhead rate, efficiency, and total spending variances for Barley Hopp. Note: Do not round your intermediate calculations. Enter the dollar value of the variance as an absolute value (positive Barley Hopp, Incorporated, manufactures custom-ordered commemorative beer steins. Its standard cost information follows: Standard Direct materials (clay) Direct labor 05 Variable manufacturing overhead (based on direct labor hours) Fixed manufacturing overhead ($250,000+ 100,000 units) Standard Quantity 1.5 pounds Standard Price (Rate) 1.5 hours $ 1.60 per pound $ 12.00 per hour Unit Cost $ 2.48 18.00 1.5 hours $ 1.20 per hour 1.80 2.50 Barley Hopp had the following actual results last year: Number of units produced and sold Number of pounds of clay purchased and used Cost of clay Number of labor hours worked Direct labor cost Variable overhead cost Fixed overhead cost Required: 110,000 178,200 $ 267,300 150,000 $ 2,025,000 $ 200,000 $270,000 1. Calculate the direct materials price, quantity, and total spending variances for Barley Hopp. 2. Calculate the direct labor rate, efficiency, and total spending variances for Barley Hopp. 3. Calculate the variable overhead rate, efficiency, and total spending variances for Barley Hopp. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Calculate the variable overhead rate, efficiency, and total spending variances for Barley Hopp. Note: Do not round your intermediate calculations. Enter the dollar value of the variance as an absolute value (positive