9 3 Saved Barley Hopp, Inc., manufactures custom-ordered commemorative beer steins. Its standard cost information follows: Standard Standard Price Standard Quantity Direct materials (clay) Direct labor 1.7 lbs. 1.7 hrs. (Rate) $1.80 per lb. $ 11 per hr.. Unit Cost $ 3.06 18.70 Variable manufacturing overhead cipped (based on direct labor hours) Fixed manufacturing overhead 1.7 hrs. $ 1.1 per hr. 1.87 ($420,500 + 145,000 units) 2.90 Barley Hopp had the following actual results last year: Number of units produced and sold Number of pounds of clay used Cost of clay Number of labor hours worked Direct labor cost Variable overhead cost Fixed overhead cost 150,000 268,200 $ 455,940 195,000 $2,827,500 $ 290,000 $ 440,000 Required: 1 & 2. Calculate the fixed overhead spending variance and volume variance for Barley Hopp. 3. Calculate the total over- or underapplied fixed manufacturing overhead for Barley Hopp. Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 Help Save & Exit