Barley Hopp, Inc., manufactures custom-ordered commemorative beer steins. Its standard cost information follows: Direct materials (elay) Direct labor Variable manufacturing overhead (based on direct labor hours) Tixed manufacturing overhead (5338,000.00 - 130,000.00 units) Standard Standard Price Standard Quantity (Rate) Unit Cost 1.70 lbs. $ 1.80 per lb. $ 3.06 1.70 hrs $15.00 per hr 25.50 1.70 hrs. $ 1.10 par hr. 1.87 2.60 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 ot labor hours worked Direct Labor cost Variable overhead cost Fixed overhead coat 235,000 238,200 $ 404,940 180.000 33,510,000 $260.000 $ 350,000 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 Prico Vanance Direct Materials Quantity Variance Direct Materials Spending Vinance Parker Plastic, Inc., manufactures plastic mats to use with rolling office chairs. Its standard cost Information for last year follows: Direct materials (plastic) Direct labor Variable manufacturing overhead (based on direct labor hours) Tixed manufacturing overhead $901,000 + 1,060,000 unita) Standard Standard Price Standard Quantity (Rate) Unit Coat 12 sq ft. $ 0.75 per sq. ft. $ 9.00 0.75 hr. $10.65 per hr 7.99 0.75 hr. $ 1.15 per hr. 0.86 0.85 Parker Plastic had the following actual results for the past year: Number of units produced and sold Number of square feet of plastie used Cont of plastic purchased and used Number of labor hours worked Direct labor coat Variable overhead cost Tixed overhead cont 1,160,000 13,340,000 $ 9,238,200 865,000 $ 0.866,250 $ 1,001,250 892,000 Required: Calculate Parker Plastic's fixed overhead spending and volume variances and its over or underapplied fixed overhead. (Indicate the effect of each variance by selecting "P" for favorable/Overapplied and "U" for unfavorable/underapplied.) Fixed Overhead Spending Variance Fixed Overhead Volume Variance Over or Underapplied Fored Overhead Check my Parker Plastic, Inc., manufactures plastic mats to use with rolling office chairs. Its standard cost Information for last year follows: Direct materials (plastie) Direct Labor Variable manufacturing overhead (based on direct labor hours) Fixed manufacturing overhead $539,400 930,000 units) Standard Standard Price Standard Quantity (Ratol Unit Cout 15 sq ft. $ 0.90 per sq. ft. $13.50 0.25 hr. $12.60 per hr 3.15 0.25 h $ 1.80 per he 0.45 0.58 Parker Plastic had the following actual results for the past year. Number of units produced and sold Number of square feet of plastic wood Coat of plastie purchased and used Number of labor hours worked Direct Labor cost Variable overhead cost Txed overhead coat 1,240,000 12,400,000 9,920,000 320.000 $ 3.960,000 $1,350,000 $ 305.000 Required: Calculate Parker Plastie's variable overhead rate and efficiency variances and its over or underapplied variable overhead. (Do not round Intermediate calculations. Indicate the effect of each varlance by selecting "F" for Favorable/Overapplied and "U" for Unfavorable/Underappiled.) Variable Overhead Rate Variance Variable Overhead Emiciency Variance Variable Overhead Spending Variance