Barley Hopp, Incorporated, manufactures custom-ordered commemorative beer steins. Its standard cost information follows: Standard Quantity Standard Price (Rate) Direct materials (clay) Direct labor Variable manufacturing overhead (based on direct labor hours) 1.6 pounds 1.7 hours $ 1.20 per pound $ 7.00 per hour Standard Unit Cost $ 1.92 11.90 1.7 hours $ 1.60 per hour 2.72 Fixed manufacturing overhead ($276,860 109,000 units) 2.54 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 83,900 149,240 $ 156,702 127,630 $ 1,123,144 $ 280,786 $ 265,000 Fixed overhead cost Required: 1 & 2. Prepare the journal entries to record the direct materials, direct labor and related variances for Barley Hopp. Assume the company purchases direct materials as needed and does not maintain any ending inventories. Note: If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. View transaction list Journal entry worksheet < A B Record the entry for direct materials costs and variances. Note: Enter debits before credits. Transaction 1 General Journal Debit Credit Record entry Clear entry View general journal >