Question 3 (1.5 points) Calculating Direct Labor Variances Barley Hop, Inc., manufactures custom-ordered commemorative beer steins. Its standard cost information follows: Standard Quantity Standard Rate Direct Labor 1.5 hours per unit $12 per hour Actual results were as follow: . Produced and sold 110,000 units. The direct labor cost was $2,025,000 for 150,000 hours. Required: Fill in the following blanks to calculate Barley Hop's direct labor variances and label them as favorable (F) or unfavorable (U). Actual rate (AR) of labor = Actual hours (AH) used = Standard rate (SR) of labor = Standard hours (SH)=_ Spending Variance Actual Costs AH X AR Flexible Budget SH X SR AH X SR Rate Variance Efficiency Variance Spending Variance