Barley Hopp, Inc., manufactures custom-ordered commemorative beer steins. Its standard cost information follows: Standard Quantity 1.60 lbs. 1.60 hrs. Standard Price (Rate) $ 1.70 per lb. $12.00 per hr. Standard Unit Cost $ 2.72 19.20 Direct materials (clay) Direct labor Variable manufacturing overhead (based on direct labor hours) Fixed manufacturing overhead ($450,000.00 150,000.00 units) 1.60 hrs. $ 1.10 per hr. 1.76 3.00 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 155,000 278,200 $ 445,120 200,000 $3,000,000 $ 300,000 $ 470,000 Required: 1. Calculate the direct materials price, quantity, and total spending variances for Barley Hopp. 2. Calculate the direct labor rate, efficiency, and total spending variances for Barley Hopp. 3. Calculate the variable overhead rate, efficiency, and total spending variances for Barley Hopp. Required 1 Required 2 Required 3 Calculate the direct materials price, quantity, and total spending variances for Barley Hopp. (Do no calculations. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable (i.e., zero variance).) $ Direct Materials Price Variance Direct Materials Quantity Variance Direct Materials Spending Variance $ 27,820 F 48,320 U 20,500 U $ Required 1 Required 2 > 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 favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).) $ 330,000 XF Variable Overhead Rate Variance Variable Overhead Efficiency Variance Variable Overhead Spending Variance