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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)
$ 1.30 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.
2. Calculate the direct labor rate, efficiency, and total spending variances for Barley Hopp.
3. Calculate the variable overhead rate, efficiency, and total spending variances for Barley Hopp.
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