Question: please help 2. Calculate the fixed overhead volume variance for Barley Hopp. (Do not round your intermediate calculations. Indicate the effect of each variance by

 please help 2. Calculate the fixed overhead volume variance for Barley

Hopp. (Do not round your intermediate calculations. Indicate the effect of each

please help

2. Calculate the fixed overhead volume variance for Barley Hopp. (Do not round your intermediate calculations. Indicate the effect of each variance by selecting F for favorable,U for unfavorable.) ixed Overhead Volume Variance 3. Calculate the total over- or underapplied fixed manufacturing overhead for Barley Hopp. (Do not round your intermediate calculations.) PA9-2 Calculating Fixed Manufacturing Overhead Spending, Volume Variances [LO 9-S1] Barley Hopp, Inc., manufactures custom -ordered commemorative beer steins. Its standard cost information follows: Standard Standard Price Standard Quantity (Rate) Unit Cost Direct materials (clay) 1.6 lbs. $ 1.70 per lb. $ 2.72 Direct labor 1.6 hrs. $ 10 per hr. 16.00 Variable manufacturing overhead 1.6 hrs. $ 1.1 per hr. 1.76 (based on direct labor hours) Fixed manufacturing overhead ($273,000 + 105,000 units) 2.60 Barley Hopp had the following actual results last year Number of units produced and sold 110,000 Number of pounds of clay used 188,200 Cost of clay $ 301,120 Number of labor hours worked 155,000 Direct labor cost $1,798,000 Variable overhead cost $ 210,000 Fixed overhead cost $ 275,000 Required: 1. Calculate the fixed overhead spending variance for Barley Hopp. (Do not round your intermediate calculations. Indicate the effect of each variance by selecting F for favorable,U for unfavorable.)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!