Barley Hopp, Inc., manufactures custom-ordered commemorative beer steins. Its standard cost information follows: Standard Standard Standard Quantity Price (Rate) Unit Cost 1.70 lbs. $ 1.80 per lb. $ 3.06 1.70 hrs. $15.00 per 25.50 hr. Direct materials (clay) Direct labor Variable manufacturing overhead (based on direct labor hours) Fixed manufacturing overhead ($338,000.00 + 130,000.00 units) 1.70 hrs. $ 1.10 per hr. 1.87 2.60 Barley Hopp had the following actual results last year: Number of units produced and sold 135,000 Number of pounds of clay used 238, 200 Cost of clay $ 404,940 Number of labor hours 180,000 worked Direct labor cost $3,510,000 Variable overhead cost $ 260,000 Fixed overhead cost $ 350,000 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.) F Direct Materials Price Variance Direct Materials Quantity Variance Direct Materials Spending Variance U F 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.) U Direct Labor Rate Variance Direct Labor Efficiency Variance Direct Labor Spending Variance F U 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.) U Variable Overhead Rate Variance Variable Overhead Efficiency Variance Variable Overhead Spending Variance F U