Chrome File Edit View History Bookmarks Profiles Tab Window Help G Q @ Thu Apr 20 9:59 PM M Question 5 - Chapter 9 C X Course Hero *Course Hero X *Course Hero Course Hero Homework Help - Q&A fr x + C ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%2... OF O B Paused D2L Homepage - Pima... Class ACC 212 Ma... Pima Community... M Inbox (6) - bburns... Pima Community... Chapter 9 Group Exercises i Saved Help Save & Exit Submit Check my work 5 PA9-1 (Static) Calculating Direct Material, Direct Labor, Variable Overhead Variances [LO 9-3, 9-4, 9-5] 2 Barley Hopp, Incorporated, manufactures custom-ordered commemorative beer steins. Its standard cost information follows: points Standard Unit 01:59:36 Standard Quantity Standard Price (Rate) Cost Direct materials (clay) 1.5 pounds $ 1. 60 per pound $ 2. 40 Direct labor 1.5 hours $ 12.00 per hour 18 .00 eBook Variable manufacturing overhead (based on direct labor hours) 1.5 hours $ 1.20 per hour 1. 80 Print Fixed manufacturing overhead ($250,000 + 100 , 000 units) 2.50 References Barley Hopp had the following actual results last year: Number of units produced and sold 110 , 000 Number of pounds of clay purchased and 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: 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. Mc Graw Hill 9 20 4 Ai SONOS Ps LiveChrome File Edit View History Bookmarks Profiles elp . . M Question 5 Chapter 9 X at Course Hero X t Course Hero X i: Course Hero x at Course Hero 6 C i ezto.mheducation om/ext/map/index tml on&e> Mc Graw Hill 20 4 Ai SONOS Ps LiveChrome File Edit View History Bookmarks Profiles Tab Window Help G Q @ Thu Apr 20 9:59 PM M Question 5 - Chapter 9 C X Course Hero *Course Hero X *Course Hero Course Hero Homework Help - Q&A fr x + C ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%2... OF O B Paused D2L Homepage - Pima... Class ACC 212 Ma.. x Pima Community... M Inbox (6) - bburns... Pima Community... Chapter 9 Group Exercises i Saved Help Save & Exit Submit Check my work 5 Number of labor hours worked 150, 000 Direct labor cost $ 2, 025, 000 Variable overhead cost $ 200, 000 Fixed overhead cost $ 270, 000 2 Required: points 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. 01:59:10 3. Calculate the variable overhead rate, efficiency, and total spending variances for Barley Hopp. eBook Complete this question by entering your answers in the tabs below. Print References Required 1 Required 2 Required 3 Calculate the variable overhead rate, efficiency, and total spending variances for Barley Hopp. Note: Do not round your intermediate calculations. Enter the dollar value of the variance as an absolute value (positive number) and then use the drop-down menu to indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Show less Variable Overhead Rate Variance Variable Overhead Efficiency Variance Variable Overhead Spending Variance Mc Graw Hill 20 4 Ai SONOS Ps Live