PA9-1 Calculating Direct Material, Direct Labor, Variable Overhead Variances Barley Hopp, Inc., manufactures custom-ordered commemorative beer steins. Its standard cost information follows: Direct materials (clay) Direct labor Var mfg OH (based on direct labor hrs) Fix mfg OH ($250,000 / 100,000 units) Standard Quantity 1.5 lbs. 1.5 hrs. 1.5 hrs. Standard Price (Rate) $1.60 per lb. $12.00 per hr. $1.20 per hr. Standard unit Cost $2.40 $18.00 $1.80 $2.50 Barley Hopp had the following actual results last year: Number of units produced and sold Number of pounds of clay used Cost of clay Number of labor hours worked Direct labor cost Variable overhead cost Fixed overhead cost 110,000 units 178,200 lbs. $267,300 150,000 hrs. $200,000 $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.