Barley Hopp, Inc

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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)

1.60

lbs.

    $

1.70

per lb.

$

2.72    

  Direct labor

1.60

hrs.

    $

16.00

per hr.

25.60    

  Variable manufacturing overhead    (based on direct labor hours)

1.60

hrs.

    $

1.30

per hr.

2.08    

  Fixed manufacturing overhead ($374,000.00 Af· 170,000.00 units)

2.20   

Barley Hopp had the following actual results last year:

  Number of units produced and sold

175,000.00  

  Number of pounds of clay used

318,200.00

  Cost of clay

$

572,760.00  

  Number of labor hours worked

220,000.00

  Direct labor cost

$

4,510,000.00  

  Variable overhead cost

$

340,000.00  

  Fixed overhead cost

$

380,000.00  

1.

Calculate the direct materials price, quantity, and total spending variances for Barley Hopp. (Do not round your intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable and "U" for unfavorable.)

Direct Materials Price Variance

Direct Materials Quantity Variance

Direct Materials Spending Variance

2.

Calculate the direct labor rate, efficiency, and total spending variances for Barley Hopp. (Do not round your intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable and "U" for unfavorable.)

Direct Labor Rate Variance

Direct Labor Efficiency Variance

Direct Labor Spending Variance

3.

Calculate the variable overhead rate, efficiency, and total spending variances for Barley Hopp. (Do not round your intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable/Overapplied and "U" for unfavorable/underapplied.)

Variable Overhead Rate Variance

Variable Overhead Efficiency Variance

Variable Overhead Spending Variance