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please help 2. Calculate the fixed overhead volume variance for Barley Hopp. (Do not round your intermediate calculations. Indicate the effect of each variance by
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2. Calculate the fixed overhead volume variance for Barley Hopp. (Do not round your intermediate calculations. Indicate the effect of each variance by selecting F for favorable,U for unfavorable.) ixed Overhead Volume Variance 3. Calculate the total over- or underapplied fixed manufacturing overhead for Barley Hopp. (Do not round your intermediate calculations.) PA9-2 Calculating Fixed Manufacturing Overhead Spending, Volume Variances [LO 9-S1] 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) 1.6 lbs. $ 1.70 per lb. $ 2.72 Direct labor 1.6 hrs. $ 10 per hr. 16.00 Variable manufacturing overhead 1.6 hrs. $ 1.1 per hr. 1.76 (based on direct labor hours) Fixed manufacturing overhead ($273,000 + 105,000 units) 2.60 Barley Hopp had the following actual results last year Number of units produced and sold 110,000 Number of pounds of clay used 188,200 Cost of clay $ 301,120 Number of labor hours worked 155,000 Direct labor cost $1,798,000 Variable overhead cost $ 210,000 Fixed overhead cost $ 275,000 Required: 1. Calculate the fixed overhead spending variance for Barley Hopp. (Do not round your intermediate calculations. Indicate the effect of each variance by selecting F for favorable,U for unfavorable.)Step by Step Solution
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