Barley Hopp, follows Inc., manufactures custom-ordered commemorative beer steins. Its standard cost information Direct materials (clay) Direct labor Variable manufacturing overhead (based on direct labor hours) Fixed manufacturing overhead ($275,000.00 110,000.00 Standard Quantity .60 Ibs 1.60 hrs 1.60 hrs Standard Price (Rate) $ 1.70 perlb. $11.00 per hr 1.10 per hr Standard Unit Cost 2.72 17.60 1.76 2.50 units) 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 115,000.00 198,200.00 $ 317,120.00 160,000.00 $2,080,000.00 $ 220,000.00 $ 280,000.00 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