PA$9-1($Static$)$ Calculating Direct Material, Direct Labor, Variable Overhead Variances $[$LO $9-3,9-4,9-5]$

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

$\backslash$table$[[$Direct materials $($clay$),,,$Standard$],[$Unit$,,,]]$

Barley Hopp had the following actual results last year:

$\backslash$table$[[$Number of units produced and sold,$110,000],[$Number of pounds of clay purchased and used,$178,200],[$Cost of clay,$$267,300$

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

$\backslash$table$[[,,,$Standard$],[$Direct materials $($clay$),$Standard Quantity,Standard Price $($Rate$),$Cost$],[$Direct labor,$1\mathrm{.}5$ pounds,$$1\mathrm{.}60$ per pound,$$2\mathrm{.}40$