Adbulluee Normal No Spacing Heading 1 Barley Hopp, Inc., manufactures custom-ordered commemorative beer steins. Its standard cost information follows: Standard Standard Price Standard Unit Quantity (Rate) Cost 1.60 lbs. $ 1.70 per lb. $ 2.72 1.60 hrs. $ 11.00 per hr. 17.60 Direct materials (clay) Direct labor Variable manufacturing overhead (based on direct labor hours) Fixed manufacturing overhead ($275,000.00 + 110,000.00 units) 1.60 hrs. $ 1.10 per hr. 1.76 2.50 Barley Hoop had the following actual results last year: Number of units produced and sold 115,000 Number of pounds of clay used 198,200 Cost of clay $ 317,120 Number of labor hours worked 160,000 Direct labor cost $2,080,000 Variable overhead cost $ 220,000 Fixed overhead cost $ 280,000 equired: 1. Calculate the direct materials price, quantity, and total spending variances for Barley Herr 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, Calculate the direct materials price, quantity, and total spending variances for Barley Horo. (Do not round your intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).) Direct Materials Price Variance Direct Materials Quantity Variance Direct Materials Spending Variance O Focus Mailings Review view AaBbCcDdEe AaBbCcDdEe AaBbCcDc No Spacing Heading 1 Normal Calculate the direct materials price, quantity, and total spending variances for Barley Hop (Do not round your intermediate calculations. Indicate the effect of each variance by selecting "Ffor favorable, "U" for unfavorable, and "None" for no effect (.e., zero variance. Direct Materials Price Variance Direct Materials Quantity Variance Direct Materials Spending Variance Calculate the direct labor rate, efficiency, and total spending variances for Barley Hono. (Do not round your intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect i.e., zero variance).) Direct Labor Rate Variance Direct Labor Efficiency Variance Direct Labor Spending Variance Calculate the variable overhead rate, efficiency, and total spending variances for Barley Hope. (Do not round your intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).) Variable Overhead Rate Variance Variable Overhead Efficiency Variance Variable Overhead Spending Variance
