LO 9-3, 9-4, 9-5 PA9-1 Calculating Direct Material, Direct Labor, Varlable Overhead Varlances Barley Hopp, Inc., manufactures custom-ordered commemorative beer steins. Its standard cost information follows: Direct materials (clay) Direct labor Variable manufacturing overhead (based on direct labor hours) Fixed manufacturing overhead ($250,000 Standard Quantity Standard Price Standard Unit (Rate) Cost 1.5 lbs. $ 1.60 per lb. $ 2.40 1.5 hrs. $12.00 per hr. 18.00 1.5 hrs. $ 1.20 per hr. 1.80 100,000 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 Required: Calculate the following for Barley Hopp: 1. Direct materials price, quantity, and spending variances. 2. Direct labor rate, efficiency, and spending variances. 3. Variable overhead rate, efficiency, and spending variances. 110,000 178,200 $ 267,300 150,000 $ 2,025,000 $ 200,000 $ 270,000 2.50 +