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Barley Hopp, Inc., manufactures custom-ordered commemorative beer steins. Its standard cost information follows: Standard Standard Price Standard Quantity 1.7 lbs 1.7 hrs (Rate) $1.80 per
Barley Hopp, Inc., manufactures custom-ordered commemorative beer steins. Its standard cost information follows: Standard Standard Price Standard Quantity 1.7 lbs 1.7 hrs (Rate) $1.80 per lb. 12 per hr Unit Cost $ 3.06 Direct materials (clay) Direct labor Variable manufacturing overhead (based on direct labor hours) Fixed manufacturing overhead ($425,5ee 185,eee units) 28.40 1.7 hrs 1.1 per hr. 1.87 2.3e 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 198,eee 348,280 $ 661,580 235,eee $3,901,eee s 370, eee $ 415,eee Direct labor cost Variable overhead cost Fixed overhead cost 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 Calculate the fixed overhead spending variance and volume variance for Barley Hopp. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).) 1 Fixed Overhead Spending Variance Fixed Overhead Volume Variance 2. Reg1 and 2 Req 3 Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 Calculate the total over- or underapplied fixed manufacturing overhead for Barley Hopp. (Do not round your intermediate calculations.) Fixed overhead Req 1 and 2 Reg3
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