Barley Hopp, Inc., manufactures custom-ordered commemorative beer steins. Its standard cost information follows: Standard Quantity Standard Price (Rate) 1.70 lbs. 1.80 per lb 1.70 hrs. S14.00 per hr 1.10 per hr Standard Unit Cost 3.06 23.80 Direct materials (clay) Direct labor ariable manufacturing overhead (based on 1.70 hrs. 1.87 direct labor hours) Fixed manufacturing overhead ($456,000.00 2.40 190,000.00 units) Barley Hopp had the following aclual 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 195,000 358,200 S 680,580 240,000 $4,680,000 S 380,000 S 430,000 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 Varlance Direct Labor Efficiency Variance Direct Labor Spending Variance 3. Calculate the variable overhead 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 favorablelOverapplied and "U" for unfavorable/underapplied.) ariable Overhead Rate Variance Variable Overhead Efficie Variable Overhead Spending Varlance ncy Variance