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Barley Hopp, Inc., manufactures custom-ordered commemorative beer steins. Its standard cost information follows: Direct materials (clay) Direct labor Variable manufacturing overhead (based on direct labor

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Barley Hopp, Inc., manufactures custom-ordered commemorative beer steins. Its standard cost information follows: Direct materials (clay) Direct labor Variable manufacturing overhead (based on direct labor hours) Fixed manufacturing overhead ($ 356,500.00 + 155,000.00 units) Standard Standard Price Standard Quantity (Rate) Unit Cost 1.70 lbs. $ 1.80 per lb. $ 3.06 1.70 hrs. $13.00 per hr. 22.10 1.70 hrs. $ 1.40 per hr. 2.38 2.30 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 160,000 288, 200 $ 547,580 205,000 $3,587,500 $ 310,000 $ 350,000 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. References Required 1 Required 2 Required 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 favorable, "U" for unfavorable, and "None" for no effect (.e., zero variance).) Variable Overhead Rate Variance Variable Overhead Efficiency Variance Variable Overhead Spending Variance Required 2 Home References Required 1 Required 2 Required 3 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, "U" for unfavorable, and "None" for no effect (1.e., zero variance).) Direct Labor Rate Variance Direct Labor Money Variance Direct Labor Spending Variance References Required 1 Required 2 Required 3 Calculate the direct materials price, quantity, and total spending variances for Barley Hopp. (Od not round your intermediate calculations. Indicate the effect of each variance by selecting "" for favorable, "Ufor unfavorable, and "None' for no effect (1.c, zero variance).) Direct Materials Price Variance Direct Materiale Quantity Variance Direct Materials Spending Variance Required 2 >

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