Barley Hopp, Inc., manufactures custom-ordered commemorative beer steins. Its standard cost information follows: Standard Quantity 1.68 lbs 1.6e hrs. Standard Price (Rate) $ 1.70 per lb. $16.00 per hr. Standard Unit Cost $ 2.72 25.68 Direct materials (clay) Direct labor Variable manufacturing overhead (based on direct labor hours) Fixed manufacturing overhead ($374,000.e0 +170,e00.00 units) $ 1.38 per hr. 1.60 hrs. 2.08 2.20 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 175,000 318,200 $ 572,760 220, $4,510,000 $ 348, $ 388,000 Required: 1. Colculate the direct meterials price. quantity, and total spending variances for Barley Hopp. 2. Colculate the direct labor rate, efficiency, and total spending variances for Barley Hopp. 3. Celculate the variable overhead rate, efficiency, and total spending variances for Barley Hopp. Complete this question by entering your answers in the tabs below. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Calculate the direct materials pice, 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, "U for unfavorable, and None for no effect (le., zero variance).) Direct Materials Price Variance Direct Matenals Quantity Vanance Direct Materials Spending Variance Required 2 Reaed 2 Required 1 Required 3 Calculate the direct labor rate, fficiency, 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 (i.e., zero varlance).) Direct Labor Rate Variance Direct Laoor Efficiency Variance Direct Labor Spending Variance