value 10.00 points Barley Hopp, Inc., manufactures custom-ordered commemorative beer steins. Its standard cost information follows: StandardStandard Price Standard Unit Quantity 1.2 lbs. 1.80 per lb. 2.16 2.4 hrs. $12.00 per hr. (Rate) Cost Direct materials (clay) Direct labor Variable manufacturing overhead (based on 2.4 hrs $ 1.10 per hr. 28.80 2.64 direct labor hours) Fixed manufacturing overhead ($236,440+ 2.57 92,000 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 116,500 170,000 $ 280,500 161,500 $ 742,000 $ 170,500 305,000 Required: Prepare the journal entry to record Barley Hopp's fixed manufacturing overhead costs and related variances for last year. (If no entry is required for a transactionlevent, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Record the entry for fixed manufacturing overhead costs and variances. Note: Enter debits before credits Debit Credit Record entry Clear entry View general journal