Barley Hopp, Inc., manufactures custom-ordered commemorative beer steins. Its standard cost information follows Standard Standard Price Standard Quantity 1.60 lbs.1.70 per lb 1.60 hrs. 12.00 per hr 1.60 hrs. 1.10 per hr (Rate) Unit Cost S 2.72 Direct materials (clay) Direct labor Variable manufacturing overhead (based on 19.20 1.76 2.20 direct labor hours) Fixed manufacturing overhead ($253,000.00 + 115,000.00 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 Variable overhead cost Fixed overhead cost 120,000 208,200 S 333,120 165,000 $2,343,000 S 230,000 s 285,000 Required 1. Calculate the direct materials price, quantity, and total spending variances for Barley Hopp. (Do not round your intermediate calculations. Indicate 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