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4 Barley Hopp. Incorporated, manufactures custom-ordered commemorative beer steins. Its standard cost information follows: Standard Unit 2 03-20-12 Standard Quantity Standard Price (Rate) Cost Direct materials (clay) 1.60 pounds $ 1.78 per pound $ 2.72 Direct labor 1. 68 hours $ 16.08 per hour 25.68 lariable manufacturing overhead (based on direct labor hours) 1.68 hours $ 1.28 per hour 1.92 Fixed manufacturing overhead ($364,580.08 : 135,080.08 units) 2.78 Barley Hopp had the following actual results last year: Number of units produced and sold 148, 808 Number of pounds of clay purchased and used 248,208 Cost of clay $ 397, 128 Number of labor hours worked 185, 808 Direct labor cost 808 929'E Variable overhead cost $ 278, 808 Fixed overhead cost Required: 1. Calculate the direct materials price, quantity, and total spending variances for Barley Hopp. 2. Calculate the direct labor rate, efficiency, and total spending variances for Barley Hopp 3. Calculate the variable overhead rate, efficiency, and total spending variances for Barley Hopp. * Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Calculate the direct materials price, quantity, and total spending variances for Barley Hopp. Note: Do not round your intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Price Variance 16, 120 U Direct Materials Quantity Variance 41, 140 0 F Direct Materials Spending Variance (25 020) F

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