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 Stand Standard Standard Price Quantity .60 lbs. 170 per lb. 1.80 hrs. $18.00 per hr Rate) Direct materials (clay) Direct labor Variable manufacturing overhead (based on1.60 hrs.1.30 per hr 2.72 2560 2.08 direct labor hours) Fixed manufacturing overhead ($374,000.00+ 170,000.00 units) 2.20 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 175,000 318,200 $ 572,760 220,000 $4,510,000 S 340,000 $ 380,000 Required: 1.Calculate the direct materials price, selecting "F for favorable and "U" for unfavorable.) quantity, and total spending variances for Barley Hopp. (Do not round your intermediate calculations. Indicate the effect of each va Direct Materials Price Variance Direct Materials Quantity Variance Direct Materials Spending Variance