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 Standard Unit Cost 3.06 23.80 Quantity (Rate) Direct materials (clay) Direct labor Variable manufacturing overhead (based on 1.70 lbs. 1.80 per lb. 1.70 hrs. 14.00 per hr on.70 hrs. 1.10 per hr 1.87 direct labor hours) Fixed manufacturing overhead ($456,000.00 2.40 190,000.00 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 195,000 358,200 $680,580 240,000 $4,680,000 380,000 $430,000 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 Materials Quantity Variance Direct Materials Spending Variance