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 Standard Standard Price Quantity 1.70 lbs. 1.80 per lb 1.70 hrs. 10.00 per hr. 170 hrs.110 per hr. Standard Unit Cost 17.00 1.87 2.30 (Rate) Direct materials (clay) Direct labor S 3.06 Variable manufacturing overhead (based on direct labor hours Fixed manufacturing overhead ($402,500.00 175,000.00 units) Barley Hopp had the following actual results last year Number of units produced and sold 180,000 328,200 623,580 225,000 3,082,500 $ 350,000 $ 400,000 Number of pounds of clay used Cost of clay Number of labor hours worked Direct labor cost Variable overhead cost Fixed overhead cost 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, eficiency, 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