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1 Barley Hopp, Inc., manufactures custom-ordered commemorative beer steins. Its standard cost information follows: Standard Standard Price Quantity 1.80 lb. 10 points Direct materials
1 Barley Hopp, Inc., manufactures custom-ordered commemorative beer steins. Its standard cost information follows: Standard Standard Price Quantity 1.80 lb. 10 points Direct materials (elay) Direct labor (Rate) Standard Unit Cost 1.00 hr. 1.90 per 1b. $16.00 per hr. 53.42 28.00 Variable manufacturing overhead (based on direct labor hours) 1.80 hrs. $1.10 per hr. 1.98 Fixed manufacturing overhead (8487,500.00 195,000.00 units) 2.50 Book P Barley Hopp had the following actual results last year Number of units produced and sold Number of pounds of clay used Heferences Cost of clay Number of labor hours worked Direct labor cost Variable overhead cost Fixed overhead cost 200,000 360,2001 $736,400 245,000 $5,806,500 $390,000 $470,000 Required: 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. were in the tabs below. Check my work
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