PA9-1 Calculating Direct Material, Direct Labor, Variable Overhead Variances [LO 9-3, 9-4, 9-5) Barley Hopp, Inc, manufactures custom-ordered commemorative beer steins. Its standard cost information follows Standard Standard Price Quantity 170 lbs 180 per lb 1.70 hrs 1200 per hr Standard (Rate) Unit Cost 20.40 1.87 2.30 Direct materials (clay) Direct labor $ 3.06 Variable manufacturing overhead (based on 1.70 hrs 1.10 per hr direct labor hours) Fixed manufacturing overhead ($425,500.00 185,000.00 units) 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 190,000 348,200 5 661,580 235,000 S3,901,000 S 370,000 S 415,000 Required 1. Calculate the direct materials price, quantity, and total spending variances for Barley Hopp. (Do not round your intermediate calculations. Indicate the effect of each variance by selecting "F for favorable and "U" for unfavorable.) Direct Materials Price Variance Direct Matecials Quantity Varlance Direct Materials Spending Variance 2. Calculate the direct labor rate, efficiency, and total spending variances for Barley Hopp. (Do not round your intermediate ealculations. Indicate the effect of each variance by selecting "F for favorable and "U" for unfavorable.) Direct Labor Rate Variance Direct Labor Efficiency Variance Direct Labor Spending Varlance 3. Calculate the variable overhead rate, etficiency and total spending variances for Barley Hopp. (Do not round your intermediate caiculations. Indicate the eftect of each variance by selecting Varlable Overhead Rate Varlance Variable Overhoad Efficiency Variance Variable Overhead Spending Variance