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) 1.60lbs $1.70 per lb $2.72

Direct labor 1.60hrs $10.00 per hr 16

Variable manufacturing overhead 1.60hrs $1.10 per hr 1.76

   (based on direct labor hours)

Fixed manufacturing overhead ($273,000.00 ÷ 105,000.00 units) 2.6

Barley Hopp had the following actual results last year:

Number of units produced and sold 110,000.00

Number of pounds of clay used 188,200.00

Cost of clay 301,120.00

Number of labor hours worked 155,000.00

Direct labor cost 1,798,000.00

Variable overhead cost 210,000.00

Fixed overhead cost 275,000.00

Required:

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=