Direct materials (clay) Direct labor Variable manufacturing overhead (based on direct labor hours) Tixed manufacturing overhead ($220,000 -38,000 units) Standard Standard Price Standard Quantity (Rato) Unit Coat 2.0 lbs $ 1.80 per 1b. $ 3.60 2.4 hrs. $9.00 per hr 21.60 2.4 hrs. $1.90 per hr 4.56 2.50 Barley Hopp had the following actual results last year: Number of unita produced and sold Number of pounds of clay wned Cost of clay Number of Labor hours worked Direct labor cost Variable overhead cost Pixed overhead cost 111,300 160,000 $ 249,000 156,300 $588,300 $ 219,300 $ 330,000 Required: Prepare the journal entry to record Barley Hopp's fixed manufacturing overhead costs and related variances for last year of no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Answer is not complete. No Transaction 1 General Journal Direct Materials Price Variance Direct Materials Quantity Variance Debit Credit