Barley Hopp, Inc., manufactures custom-ordered commemorative beer steins. Its standard cost information follows Direct materials (clay) Direct labor Standard. Quantity 1.9 lbs. 2.0 hrs. Standard Price (Rate) $ 1.20 per lb. $12.00 per hr. Standard Unit Cost $2.28 24.00 2.0 hrs. $ 1.70 per hr. Variable manufacturing overhead (based on direct labor hours) Fixed manufacturing overhead ($253,510 101,000 units) 3.40 2.51 Barley Hopp had the following actual results last year. Number of units produced and sold 87,800 191,820 Number of pounds of clay used Cost of clay Number of labor hours worked Direct labor cost $ 211,002 150,600 $2,092,980 $ 271,080 Variable overhead cost Fixed overhead cost $ 250,000 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. (Do not round your intermediate calculations. If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)