Please do not give solution in image format thanku 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.Req 1 and 2Req 3Calculate the fixed overhead spending variance and volume variance for Barley Hopp.Note: Enter the dollar value of the variance as an absolute value (positive number) and then use the drop-down menu toindicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (1.e., zerovariance).1. Fixed Overhead Spending Variance2. Fixed Overhead Volume VarianceRequired: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.Req 1 and 2Req 3Calculate the total over- or underapplied fixed manufacturing overhead for Barley Hopp.Fixed overhead Barley Hopp, Incorporated, manufactures custom-ordered commemorative beer steins. Its standard cost information follows:StandardUnitCost$ 3.8028.50Direct materials (clay)Direct laborVariable manufacturing overhead (based on directlabor hours).Fixed manufacturing overhead ($520,000 + 200,000units)Barley Hopp had the following actual results last year:Number of units produced and soldNumber of pounds of clay purchased and usedCost of clayNumber of labor hours workedDirect labor costVariable overhead costFixed overhead costStandard Quantity1.9 pounds.1.9 hours1.9 hours205,000378,200$ 794,220250,000$5,875,000$ 450,000$ 510,000Standard Price (Rate)$ 2.00 per pound$15.00 per hour.$ 1.20 per hourNS2.282.60

Name: Please do not give solution in image format thanku Required:1 & 2. Cal
Uploaded: 2024-03-20T06:33:06.000Z
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Description: Please do not give solution in image format thanku 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 t

The overhead is applied to the production on the basis of predetermined overhead rate. The overhead…

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Barley Hopp, Incorporate Direct materials (clay) Direct labor Variable manufacturing overhead (based on direct labor hours) Fixed manufacturing overhead ($520,000 + 200,000 units) Barley Hopp had the following actual results last year: Number of units produced and sold Number of pounds of clay purchased and used Cost of clay Number of labor hours worked Direct labor cost Variable overhead cost Fixed overhead cost Standard Quantity 1.9 pounds 1.9 hours 1.9 hours 205,000 378,200 $ 794,220 250,000 $5,875,000 $ 450,000 $ 510,000 Standard Price (Rate). $ 2.00 per pound $15.00 per hour $ 1.20 per hour Standard Unit Cost $ 3.80 28.50 2.28 2.60