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)	1.7	lbs.	$	1.90	per lb.	$	3.23
Direct labor	2.0	hrs.	$	6.00	per hr.		12.00
Variable manufacturing overhead (based on direct labor hours)	2.0	hrs.	$	1.20	per hr.		2.40
Fixed manufacturing overhead ($222,500 ÷ 89,000 units)							2.50

Barley Hopp had the following actual results last year:

Number of units produced and sold		110,000
Number of pounds of clay used		110,000
Cost of clay	$	203,500
Number of labor hours worked		150,000
Direct labor cost	$	434,000
Variable overhead cost	$	178,000
Fixed overhead cost	$	335,000

Prepare the journal entry to record Barley Hopp’s fixed manufacturing overhead costs and related variances for last year.