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Barley Hopp, Inc., manufactures custom-ordered commemorative beer steins. Its standard cost information follows: 1. Direct materials: (clay) Direct labor 2. overhead ($273,000+ 105,000 units) Standard Quantity Req 1 and 2 Standard Standard Price (Rate) Variable manufacturing overhead (based on per direct labor hours) 1.6 hrs. $ 1.1 hr. Fixed manufacturing 1.6 lbs. $1.70 per lb. Fixed Overhead Spending Variance 1.6 hrs. $ 10 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 $1,798,000 Variable overhead cost $ 210,000 Fixed overhead cost $275,000 Fixed Overhead Volume Variance per hr. 110,000 188,200 $ 301,120 155,000 Required: 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. Unit Cost $ 2.72 Req 3 Calculate the fixed overhead spending variance and volume variance for Barley Hopp. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (1.e., zero variance).) < Reg 1 and 2 16.00 1.76 2.60 Req 3 > Show less A

Barley Hopp, Inc., manufactures custom-ordered commemorative beer steins. Its standard cost information follows: Standard Standard Standard Price Unit Quantity (Rate) Cost $ 2.72 16.00 Direct materials (clay) Direct labor Variable manufacturing overhead (based on per direct labor hours) 1.6 hrs. $ 1.1 hr. Fixed manufacturing overhead ($273,000 + 105,000 units) 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 1.6 lbs. $1.70 1.6 hrs. $10 per $1,798,000 Variable overhead cost $ 210,000 Fixed overhead cost $ 275,000 110,000 188,200 $ 301,120 155,000 Req 1 and 2 Required: 18 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. Fixed overhead 1.76 Complete this question by entering your answers in the tabs below. 2.60 Rea Calculate the total over- or underapplied fixed manufacturing overhead for Barley Hopp. (Do not round your intermediate calculations.) < Req 1 and 2 Reg 3 >