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Barley Hopp, Inc., manufactures custom-ordered commemorative beer steins. Its standard cost information follows: Standard Standard Price Quantity .60 lbs. 1.70 per lb 1.60 hrs 16.00 per hr Standard Unit Cost S 2.72 25.60 2.08 Rate Direct materials (clay) Direct labor Variable manufacturing overhead (based on on.60 hrs. 1.30 per hr direct labor hours) Fixed manufacturing overhead (S374 ,000.00 2.20 170,000.00 units) Barley Hopp had the following actual resuilts 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 S 572,760 220,000 S4,510,000 S 340,000 S 380,000 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 2. Calculate the direct labor rate, efficiency, 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 Labor Rate Varianco Direct Labor Efficiency Varianca Direct Labor Spending Variance 3. Calculate the vanable overhead rate, eticiency, and total spending variances for Barley Hopp. (Do not round your intermediate calculations. Indicate the etfect of each variance by selecting "F for favorablejOverapplied and "U" for ariable Overhead Rale Variance arab Oerhead Efficiency Variance Variabla Overhead Spending Variance

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