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) 1.60 lbs. 5 1.70 per lb. $ 2.72 Direct labor 1.60 hrs. $16.00 per hr. 25.60 Variable manufacturing overhead (based on direct 1.60 hrs. $ 1.30 per hr 2.08 labor hours) Fixed manufacturing overhead ($374,000.00 - 170,000.00 2.20 units) Barley Hopp had the following actual results last year Number of units produced and sold 175,000 Number of pounds of clay used 318,200 Cost of clay $ 572,760 Number of labor hours worked 220,000 Direct labor cost $4,510,000 Variable overhead cost $ 340,000 Fixed overhead cost $ 380,000 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 Variance Direct Materials Quantity Variance Direct Materials Spending Variance 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.) Direct Labor Rate Variance Direct Labor Efficiency Variance Direct Labor Spending Variance 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 favorableOverapplied and "U" for unfavorablelunderapplied.) Variable Overhead Rate Variance Variable Overhead Efficiency Variance Variable Overhead Spending Variance