PA9-1 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 manufactung overhead (based on direct labor hours) Fixed manufacturing overhead ($392,000.00 + 140.000,00 units) Standard Quantity 1.70 lbs. 1.70 hrs. 1.70 hrs. Standard Price Rate) $ 1.80 perib $ 10.00 per hr. $ 1.10 per hr. Standard Unil Cost S 3.06 17.00 1.87 2.80 Barley Hopp had the following actual results last year: Number of unils 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 cost 145,000 258.200 438.940 190.000 S2.508.000 S 280,000 S 410,000 Required: 1. 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 and "U" for unfavorable.) Direct Materials Price Variance Direct Materials Quantity Variance Direct Materials Spending Variance 2. 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 and "U" for unfavorable.) Direct Labor Rate Variance Direct Labor Efficiency Variance Direct Labor Spending Variance 3. 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/Overapplied and "U" for unfavorable/underapplied.) Variable Overhead Rate Variance Variable Overhead Efficiency Variance Variable Overhead Spending Variance