Barley Hopp, Incorporated, manufactures custom-ordered commemorative beer steins. Its standard cost information follows: Standard Quantity Standard Price (Rate) Direct materials (clay). Direct labor 1.6 pounds $ 1.70 per pound Standard Unit Cost $ 2.72 1.6 hours $ 11.00 per hour 17.60 Variable manufacturing overhead (based on direct labor hours) 1.6 hours $ 1.10 per hour 1.76 Fixed manufacturing overhead ($275,000 + 2.50 110,000 units) Barley Hopp had the following actual results last year: Number of units produced and sold Number of pounds of clay purchased and used Cost of clay Number of labor hours worked Direct labor cost Variable overhead cost Fixed overhead cost Required: 115,000 198,200 $ 317,120 160,000 $ 2,080,000 $ 220,000 $ 280,000 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. Note: 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 2. Fixed Overhead Volume Variance U