Barley Hopp, Inc., manufactures custom-ordered commemorative beer steins. Its standard cost information follows:

Standard Quantity Standard Price Standard Unit
(Rate) Cost
Direct materials (clay) 1.70 lbs. $1.80 per lb. $3.06
Direct labor 1.70 hrs. $10.00 per hr. $17.00
Variable manufacturing overhead 1.70 hrs. $1.10per hr. $1.87
(based on direct labor hours)
Fixed manufacturing overhead 2.30
($402,500.00 ÷ 175,000.00 units)

Barley Hopp had the following actual results last year:

Number of units produced and sold 180,000
Number of pounds of clay used 328,200
Cost of clay $623,580
Number of labor hours worked 225,000
Direct labor cost $3,082,500
Variable overhead cost $350,000
Fixed overhead cost $400,000

Required:
1. Calculate the direct materials price, quantity, and total spending variances for Barley Hopp. Indicate the effect of each variance as favorable or unfavorable.
2. Calculate the direct labor rate, efficiency, and total spending variances for Barley Hopp. Indicate the effect of each variance as favorable or unfavorable.
3. Calculate the variable overhead rate, efficiency, and total spending variances for Barley Hopp. Indicate the effect of each variance as favorable/Overapplied or unfavorable/underapplied.

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