Barley Hopp, Inc., manufactures custom-ordered commemorative b Standard Standare Quantity 1.6 lbs.$ 1.70 p 1.6 hrs.$ 12 p Direct materials (clay) Direct labor Variable manufacturing overhead (based on 1.6 hrs. 1.1 p direct labor hours) Fixed manufacturing overhead ($253,000+ 115,000 units) 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 120,000 208,200 $ 333,120 165,000 $2,343,000 $ 230,000 $ 285,000 Required: 1. Calculate the fixed overhead spending variance for Barley Hopp favorable,"U" for unfavorable.) Fixed Overhead Spending Variance $ 275,000 ommemorative beer steins. Its standard cost information follows: dard Standard Price Standard Unit antity lbs. 1.70 per lb.2.72 hrs. 12 per hr. hrs.1.1 per hr. (Rate) Cost 19.20 1.76 2.20 ar 120,000 208,200 333,120 165,000 2.343,000 230,000 285,000 al Colle 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 120,000 208,200 333,120 165,000 $2,343,000 230,000 $285,000 Required: 1. Calculate the fixed overhead spending variance for Barley H favorable,"U" for unfavorable.) Fixed Overhead Spending Variance 275,000 al Colleg Orade | PeopleSoft B 2. Calculate the fixed overhead volume variance for Barley Hopp. (D favorable,"U" for unfavorable.) EixedoverheadVolumevariance1mmmmm, 2,000 3. Calculate the total over- or underapplied fixed manufacturing overh