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 $13.00 per hr Standard Unit Cost S 3.06 22.10 2.38 Rate) Direct materials (clay) Direct labor Variable manufacturing overhead (based on1.70 hrs. 1.40 per hr Fixed manufacturing overhead ($356,500.00 + direct labor hours) 2.30 155,000.00 units) 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 cost 160,000 288,200 $547,580 205,000 $3,587,500 $310,000 $ 350,000 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