1 Barley Hopp, Inc., manufactures custom-ordered commemorative beer steins. Its standard cost information follows: oints Standard Quantity Direct materiala (elay) 1.60 lbs. Direct labor 1.60 hrs. Variable manufacturing overhead (based on direct labor hours) 1.60 hr. Fixed manufacturing overhead ($253,000.00 + 115,000.00 units) Standard Price (Rate) $ 1.70 per lb. $12.00 per hr. Standard Unit Cost $ 2.72 19.20 $ 1.10 per hr. 1.76 eBook 2.20 Print Barley Hopp had the following actual results last year, References 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 Pixed overhead coat 120,000 208,200 $333,120 165,000 $2,343,000 $ 230,000 $ 285,000 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 rote, efficiency, and total spending variances for Barley Hopp. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Calculate the rart materials nice nuantity and total Annina variances for Rariev Hono. I not round our intermedia w Prav 1 of 1 Next VWww Cost of clay Number of labor hours worked Direct labor cost Variable overhead cost Fixed overhead cost SEA $ 333,120 165,000 $2,343,000 $ 230,000 $ 285,000 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. ok Complete this question by entering your answers in the tabs below. int 3 Required 1 Required 2 Required 3 nces 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, "U" for unfavorable, and "None" for no effect (.e., zero variance).) Direct Materials Price Variance Direct Materials Quantity Variance Direct Materials Spending Variance Required 2 > Prey 1 of 1 !!! Next 1 Barley Hopp had the following actual results last year: Number of units produced and sold Number of pounds of clay used Coat of clay Number of labor hours worked Direct labor cost Variable overhead cost Pixed overhead coat 120,000 208,200 $ 333, 120 165,000 $2,343,000 $ 230,000 $ 285,000 ook rint 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. rences Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Calculate the direct labor rate, efficiency, and total spending variances for Barley Hopp. Do not round your calculations. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "Non (i.e., zero variance).) Direct Labor Rate Variance Direct Labor Efficiency Variance Direct Labor Spending Variance Prey 1 of 1 Next 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 120,000 208,200 $ 333,120 165,000 $2,343,000 $ 230,000 $ 285,000 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. ces Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required Calculate the variable overhead rate, efficiency, and total spending variances for Barley Hopp. (Do not intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, "U" for un for no effect (i.e., zero variance)) Variable Overhead Rate Variance Variable Overhead Efficiency Variance Variable Overhead Spending Variance