PA9-1 (Algo) Calculating Direct Material, Direct Labor, Variable Overhead Variances (LO 9-3, 9-4, 9-5) Barley Hopp, Inc., manufactures custom-ordered commemorative beer steins. Its standard cost information follows: Standard Standard Price standard Quantity (Rate) Unit Cost Direct materials (clay) 1.60 lbs. $ 1.70 per lb. $ 2.72 Direct labor 1.60 hrs. $12.00 per hr. 19.20 Variable manufacturing overhead (based on direct labor hours) 1.60 hrs. $ 1.10 per hr. 1.76 Fixed manufacturing overhead (5450,000.00 - 150,000.00 units) 3.00 Barley Hopp had the following actual results last year: Number of units produced and sold Number of pounds of clay used Cost of clay Number of labor hours worked Direct labor cost Variable overhead cost Yixed overhead cost 155,000 278,200 5 445,120 200,000 $3,000,000 $ 300,000 $ 470,000 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 varlences 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 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, "U" for unfavorable, and "None" for no effect (1... zero variance).) Direct Materials Price Variance Direct Materials Quantity Variance Direct Materials Spending Variance Required 2 > PA9-1 (Algo) Calculating Direct Material, Direct Labor, Variable Overhead Variances (LO 9-3, 9-4, 9-5) Barley Hopp, Inc, manufactures custom-ordered commemorative beer steins. Its standard cost Information follows: Standard Standard Price Standard Quantity (Rate) Unit Cost 1.60 lbs. $ 1.70 per lb. $ 2.72 1.60 hrs. $12.00 per hr. 19.20 Direct materials (clay) Direct labor Variable manufacturing overhead (based on direct labor hours) Fixed manufacturing overhead ($450,000.00 - 150,000.00 unita) 1.60 hrs. $ 1.10 per hr. 1.76 3.00 Barley Hopp had the following actual results last year Number of units produced and sola Number of pounds of clay used Coat of clay Humber of labor hours worked Direct Labor cont Variable overhead cost Paxed overhead cost 155,000 278.200 $ 445,120 200,000 $3,000,000 300,000 470,000 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 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, rufor unfavorable, and "None" for no effect (ie, zero variance) Direct Labor Rate Variance Direct Labor Efficiency Variance Direct Labor Spending Variance PA9-1 (Algo) Calculating Direct Material, Direct Labor, Variable Overhead Variances (LO 9-3, 9-4, 9-5) 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 ($450,000.00 - 150,000.00 units) Standard Standard Price Standard Quantity (Rato) Unit Cost 1.60 lbs. $ 1.70 per 1b. $ 2.72 1.60 hrs. $12.00 per hr. 19.20 1.60 hrs. $ 1.10 per hr. 1.76 3.00 Barley Hopp had the following actual results last year: Number of units produced and sold Number of pounds of clay used cost of clay Number of labor hours worked Direct Labor cost Variable overhead cost Fixed overhead coat 155,000 278,200 $ 445,120 200.000 $3,000,000 5300.000 $ 470,000 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) 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, "u for unfavorable, and "None" for no effect (.e., zero variance)) Variable Overhead Rate Variance Variable Overhead Eficiency Variance Variable Overhead Spending Variance