1 Barley Hopp, Inc., manufactures custom-ordered commemorative beer steins. Its standard cost information follows: Standard Price (Rate) Standard Unit Cost $ 2.72 22.40 2 Direct materials (clay) Standard Quantity 1.60 lbs. points Direct labor 1.60 hrs. $ 1.70 per lb. $14.00 per hr. Variable manufacturing overhead (based on direct labor hours). 1.60 hrs. $ 1.30 per hr. 2.08 Fixed manufacturing overhead ($352,000.00 160,000.00 units) 2.20 eBook References Barley Hopp had the following actual results last year: Number of units produced and sold 165,000 Number of pounds of clay used 298,200 Cost of clay Number of labor hours worked Direct labor cost Variable overhead cost Fixed overhead cost $ 536,760 210,000 $3,780,000 $ 320,000 $ 355,000 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. Check my work