Barley Hopp, Inc., manufactures custom-ordered commemorative beer steins. Its standard cost information follows:

Standard Quantity Standard Price (Rate) Standard Unit Cost Direct materials (clay) 1.60 lbs. $ 1.70 per lb. $ 2.72 Direct labor 1.60 hrs. $ 10.00 per hr. 16.00 Variable manufacturing overhead (based on direct labor hours) 1.60 hrs. $ 1.10 per hr. 1.76 Fixed manufacturing overhead ($273,000.00 105,000.00 units) 2.60

Barley Hopp had the following actual results last year:

Number of units produced and sold 110,000 Number of pounds of clay used 188,200 Cost of clay $ 301,120 Number of labor hours worked 155,000 Direct labor cost $ 1,798,000 Variable overhead cost $ 210,000 Fixed overhead cost $ 275,000

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.) 2. 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 and "U" for unfavorable.) 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/Overapplied and "U" for unfavorable/underapplied.)

Barley Hopp, Inc., manufactures custom-ordered commemorative beer steins. Its standard cost information follows: Standard Standard Price Quantity 1.60 bs. S 1.70 per lb 1.60 hrs. S1000 per hr. Standard Unit Cost 2.12 16.00 (Ratc) Direct matcrials (clay) Direct laber Vanable manufacturing overncad (based on .6 rs. 110 per hr. 1.T6 direct labor hours) Fixed manufacturing overhead ($273,000.00 2.50 105,000.00 units) 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 Vanable overhead cost Fixed overhead cost 110,000 188,200 $301,120 155,000 $1,798,000 $210,000 275,000 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 Price Varianoc Direct Malerials Quanlity Variarice Direct Materials Spending Variance