Barley Hopp, Inc., manufactures custom-ordered commemorative beer steins. Its standard cost information follows:

Barley Hopp had the following actual results last year:

Number of units produced and sold .... 110,000

Number of pounds of clay used ........... 178,200

Cost of clay ........................................... $ 267,300

Number of labor hours worked ........... 150,000

Direct labor cost ................................ $2,025,000

Variable overhead cost ...................... $ 200,000

Fixed overhead cost ............................ $ 270,000

Required:

Calculate the following for Barley Hopp:

1. Direct materials price, quantity, and spending variances.

2. Direct labor rate, efficiency, and spending variances.

3. Variable overhead rate, efficiency, and spending variances.

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Standard Standard Price Standard Quantity (Rate) Unit Cost Direct materials (clay) 1.50 1bs. S 1.60 per lb. S2.40 Direct labor 1.50 hrs. S 12.00 per hr. 18.00 Variable manufacturing overhead (based on direct labor hours) 1.50 hrs. S 1.20 per hr. 1.80 Fixed manufacturing overhead ($250,000.00 + 100,000.00 units) 2.50