Barley Hopp, Inc., manufactures custom-ordered commemorative beer steins. Its standard cost information follows: Standard Standard Price Standard (Rate) Quantity Unit Cost Direct materials (clay) Direct labor Variable manufacturing overhead (based on 7 lbs. 1.60 per lb 2.1 hrs. $ 9.00 per hr 2.1 hrs.1.70 per hr $ 2.72 18.90 3.57 direct labor hours) 111,000 units) Fixed manufacturing overhead ($283,050 2.55 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 82,600 165,420 $ 239,859 148,460 $1,514,292 $ 311,766 $ 215,000 Required 1, 2, &3. Prepare the journal entries to record the direct materials, direct labor, variable overhead costs and related variances for Barley Hopp. Assume the company purchases raw materials as needed and does not maintain any ending inventories. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Record the entry for direct materials costs and variances Note: Enter debits before credits Transaction General Journal Debit Credit Record entry Clear entry View general journal