Barley Hopp, Inc., manufactures custom-ordered commemorative beer steins. Its standard cost information follows: Standard Standard Standard Quantity Price (Rate) Unit Cost 1.5 lbs. $ 1.60 per $ 2.40 Direct materials (clay) Direct labor 1.5 hrs. $12.00 per 18.00 hr. 1.5 hrs. per $ 1.20 hr. 1.80 Variable manufacturing overhead (based on direct labor hours) Fixed manufacturing overhead ($250,000 : 100,000 units) 2.50 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 110,000 178,200 $ 267,300 150,000 $2,025,000 $ 200,000 $ 270,000 Required: 1 & 2. Prepare the journal entries to record the direct materials, direct labor and related variances for Barley Hopp. Assume the company purchases direct 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.) 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 Record the entry for direct labor costs and variance. Note: Enter debits before credits. General Journal Debit Credit Transaction 2