Barley Hopp, Incorporated, manufactures custom-ordered commemorative beer steins. Its standard cost information follows: Standard Quantity Standard Price (Rate) Direct materials (clay) Direct labor 1.60 pounds 1.60 hours $ 1.70 per pound $ 14.00 per hour Variable manufacturing overhead (based on direct labor hours) 1.60 hours $ 1.20 per hour Fixed manufacturing overhead ($312,500.00 125,000.00 units) Barley Hopp had the following actual results last year: Number of units produced and sold Number of pounds of clay purchased and used Cost of clay Number of labor hours worked Direct labor cost Variable overhead cost Fixed overhead cost 130,000 228,200 $ 365,120 175,000 $ 2,975,000 $ 250,000 $ 330,000 Standard Unit Cost $ 2.72 22.40 1.92 2.50 Required: 1. Calculate the direct materials price, quantity, and total spending variances for Barley Hopp. 2. Calculate the direct labor rate, efficiency, and total spending variances for Barley Hopp. 3. Calculate the variable overhead rate, efficiency, and total spending variances for Barley Hopp. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Calculate the direct materials price, quantity, and total spending variances for Barley Hopp. Note: Do not round your intermediate calculations. Enter the dollar value of the variance as an absolute value foositive < Prey 6 of 7 Next > Number of labor hours worked Direct labor cost Variable overhead cost Fixed overhead cost Required: 175,000 $ 2,975,000 $ 250,000 $330,000 1. Calculate the direct materials price, quantity, and total spending variances for Barley Hopp. 2. Calculate the direct labor rate, efficiency, and total spending variances for Barley Hopp. 3. Calculate the variable overhead rate, efficiency, and total spending variances for Barley Hopp. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Help Save & Exit Sub Calculate the direct materials price, quantity, and total spending variances for Barley Hopp.. Note: Do not round your intermediate calculations. Enter the dollar value of the variance as an absolute value (positive) number) and then use the drop-down menu to indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Direct Materials Price Variance Direct Materials Quantity Variance Direct Materials Spending Variance Show less A Check my work Number of labor hours worked Direct labor cost Variable overhead cost Fixed overhead cost Required: 175,000 $ 2,975,000 $ 250,000 $330,000 1. Calculate the direct materials price, quantity, and total spending variances for Barley Hopp. 2. Calculate the direct labor rate, efficiency, and total spending variances for Barley Hopp. 3. Calculate the variable overhead rate, efficiency, and total spending variances for Barley Hopp. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Calculate the direct labor rate, efficiency, and total spending variances for Barley Hopp. Note: Do not round your intermediate calculations. Enter the dollar value of the variance as an absolute value (positive number) and then use the drop-down menu to indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Direct Labor Rate Variance Direct Labor Efficiency Variance Direct Labor Spending Variance Show less A Submi Check my work Number of labor hours worked Direct labor cost Variable overhead cost Fixed overhead cost Required: 175,000 $ 2,975,000 $ 250,000 $ 330,000 1. Calculate the direct materials price, quantity, and total spending variances for Barley Hopp. 2. Calculate the direct labor rate, efficiency, and total spending variances for Barley Hopp. 3. Calculate the variable overhead rate, efficiency, and total spending variances for Barley Hopp. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Calculate the variable overhead rate, efficiency, and total spending variances for Barley Hopp. Note: Do not round your intermediate calculations. Enter the dollar value of the variance as an absolute value (positive number) and then use the drop-down menu to indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Variable Overhead Rate Variance Variable Overhead Efficiency Variance Variable Overhead Spending Variance Show less A