Standard cost information follows: Standard Quantity 1.80 lbs. 1.80 hrs. Standard Price (Rate) $ 1.90 per lb. $11.00 per hr. Standard Unit Cost $ 3.42 19.80 Direct materials (clay) Direct labor Variable manufacturing overhead (based on direct labor hours) Fixed manufacturing overhead ($396,000.00 + 180,000.00 units) 1.80 hrs. $ 1.10 per hr. 1.98 2.20 Actual results last year: Number of units produced and sold Number of pounds of clay purchased and used Cost of clay Number of labor hours worked Direct labor cost Variable overhead cost Fixed overhead cost 185,000 338,200 $ 676,400 230,000 $3,680,000 $360,000 $ 380,000 Required: 1. Calculate the direct materials price and quantity variances. 2. Calculate the direct labor rate and efficiency variances. 3. Calculate the variable overhead rate and efficiency variances. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 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 (i.e., zero variance).) Direct Materials Price Variance Direct Materials Quantity Variance