Barley Hopp, Inc., manufactures custom-ordered commemorative beer steins. Its standard cost information follows: Standard Standard Price Standard Quantity (Rate) Unit Cost Direct materials (clay) 2.1 lbs. 5 1.50 per lb. $ 3.15 Direct labor 1.6 hrs. $8.ee per he. 12.30 Variable manufacturing overhead (based on direct labor hours) 1.6 hrs. $ 1.20 per hr. 1.92 Fixed manufacturing overhead (5267,120 106,000 units) 2.52 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 102,100 234,410 5328,174 143,360 51,376,256 $ 258,045 $ 215,000 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 Inventortes. (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.) View transaction list Journal entry worksheet