Barley Hopp, Inc., manufactures custom-ordered commemorative beer steins. Its standard cost information follows:

Standard Quantity Standard Price (Rate) Standard Unit Cost

Direct materials (clay) 1.60 lbs. $ 1.70 per lb. $ 2.72

Direct labor 1.60 hrs. $ 14.00 per hr. 22.40

Variable manufacturing overhead (based on direct labor hours) 1.60 hrs. $ 1.30 per hr. 2.08

Fixed manufacturing overhead ($352,000.00 160,000.00 units) 2.20

Barley Hopp had the following actual results last year:

Number of units produced and sold 165,000

Number of pounds of clay used 298,200

Cost of clay $ 536,760

Number of labor hours worked 210,000

Direct labor cost $ 3,780,000

Variable overhead cost $ 320,000

Fixed overhead cost $ 355,000

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.

Barley Hopp, Inc., manufactures custom-ordered commemorative beer steins. Its standard cost information follows: Standard Price (Rate) $ 1.70 per lb. $14.00 per hr. Standard Unit cost $ 2.72 22.40 Standard Quantity Direct materials (clay) 1.60 lbs. Direct labor 1.60 hrs. Variable manufacturing overhead (based on direct labor hours) 1.60 hrs. Fixed manufacturing overhead ($352,000.00 + 160,000.00 units) $ 1.30 per hr. 2.08 2.20 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 Tixed overhead cost 165,000 298, 200 $ 536,760 210,000 $3,780,000 $ 320,000 $ 355,000 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. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Calculate the direct materials price, quantity, and total spending variances for Barley Hopp. (Do not round your intermediate calculations. Indicate the effect of each variance by selecting for favorable. "U" for unfavorable, and "None" for no effect (l.e., zero variance).) Direct Materials Price Variance Direct Materials Quantity Variance Direct Materials Spending Variance Barley Hopp, Inc., manufactures custom-ordered commemorative beer steins. Its standard cost information follows: Standard Standard Price Standard Quantity (Rate) Unit Cost Direct materials (elay) 1.60 lbs. $ 1.70 per lb. $ 2.72 Direct labor 1.60 hrs. $14.00 per hr. 22.40 Variable manufacturing overhead (based on direct labor hours) 1.60 hrs. $ 1.30 per hr. Fixed manufacturing overhead ($352,000.00 + 160,000.00 units) 2.20 ok Barley Hopp had the following actual results last year: nces Number of units produced and sold Number of pounds of clay used Coat of clay Number of labor hours worked Direct labor coat Variable overhead coat Fixed overhead cost 165.000 298,200 $336,760 210,000 53,780,000 $ 320,000 $ 355,000 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. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Calculate the direct labor rate, efficiency, and total spending variances for Barley Hopp. (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 (ie, zero variance), Direct Labor Rate Variance Direct Labor Emiciency Variance Direct Labor Spending Varianco Barley Hopp, Inc., manufactures custom-ordered commemorative beer steins. Its standard cost information follows: Standard Standard Price Standard Quantity (rate) Unit cost Direct materials (clay) 1.60 lbs. $ 1.70 per lb. $ 2.72 Direct labor 1.60 hrs. $14.00 per hr. 22.40 Variable manufacturing overhead (based on direct labor hours) 1.60 hrs. $ 1.30 per hr. 2.08 Tixed manufacturing overhead (5352,000.00 - 160,000.00 unita) 2.20 Barley Hopp had the following actual results last year: Number of units produced and sola Number of pounds of clay used Coat of clay Number of labor hours worked Direct labor cost Variable overhead coat Fixed overhead coat 165,000 298,200 536,760 210,000 $3,780,000 $ 320,000 $ 355,000 Required: 1. Calculate the direct materials price quantity, and total spending varionces 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. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Requires 3 Calculate the variable overhead rate, efficiency, and total spending variances for Barley Hopp. (Do not round your Intermediate calculations. Indicate the effect of each variance by selecting "P" for favorable, "U" for unfavorable, and "None" for no effect (., zero variance).) Variable Overhead Rate Variance Variable Overhead Efficiency Variance Variable Overhead Spending Variance