1 of 2 1 of 2 Kaplin Fabrics manufactures a specialty monogrammed blanket. The following are the cost standards for this blanket (Click the icon to view the standards ) Actual results from last month's production of 1 800 blankets are as follows (Click the icon to view the actual results) Read the requirements Requirement 1. What is the standard direct material cost for one blanket? (Round your answer to the nearest cent) 2 of 2 1 of 2 The standard direct material cost for one blanket is Requirement 2. What is the actual cost per yard of fabric purchased? (Round your answer to the nearest cent) The actual cost per yard of fabnc purchased A 0 of 2 0 of 2 Requirement 3. Calculate the direct material price and quantity variances (Enter the variances as positive numbers. Enter currency amounts in the formula to the nearest cent and then round the final variance amounts to the nearest whole dollar Label the variance as favorable (F) or unfavorable (U) Abbreviations used DM Direct materials) O of 2 First determine the formula for the price variance then compute the price variance for dred materials DM price vanance Determine the formula for the quantity variance, then compute the quantity variance for direct materials Atten Choose from any list or enter any number in the input fields and then continue to the next question O of Save for Later O of Kaplin Fabrics manufactures a specialty monogrammed blanket. The following are the cost standards for this blanket (Click the icon to view the standards ) Actual results from last month's production of 1 800 blankets are as follows: (Click the icon to view the actual results) Read the requirements Requirement 4. What is the standard direct labor cost for one blanket? (Round your answer to the nearest cent) The standard direct labor cost for one blankets Requirement 5. What is the actual direct bor cost per hour? (Round your answer to the nearest cent) The actual direct labor cost per hour is $ 00 Requirement 6. Calculate the direct labor (DL) rate and efficiency variances (Enter the variances as positive numbers. Enter the currency amounts in the formulas to the nearest cont, then found the final variance amounts to the newest whole dollar Label the variance as favorable (F) or unfavorable (U) Abbreviations used DL Direct labor 00 First, determine the formula for the rate vanance, then compute the rate variance for direct labor 1) DL rate variance First determine the formula for the officiency Vance, then compute the efficiency vanance for direct labor ) = DL efficiency variance Choose from any list or enter any number in the input fields and then continue to the next question Save for Later Kaplin Fabrics manufactures a specially monogrammed blanket. The following are the cost standards for this blanket Click the icon to view the standards) Actual results from last month's production of 1 800 Blankets are as follows Click the icon to view the actual results) Read the requirements DL ciency variance Requirement 7Analyze och annand cute as to what may have caused that variance The M D M pnce variance and The WDM quantity variance may have been caused by MUSO Y waste The VOL rate vanance and W DL officiency variance may have been caused by The skilled workers comanda 7 wage, however Requirement 8. Look at all four variances together (the big picture) How might they all be related? What variance is very likely to have caused the other variances? One possible cause of all four variances is V leading to This would create Because workforce was used the DL rate labor hours were required creating VDL variance was efficiency variance however given al Choose from any list or enter any number in the input fields and then continue to the next question Save for Later 1 of 2 Kaplin Fabrics manufactures a specialty monogrammed blanket. The following are the cost standards for this blanket (Click the icon to view the Actual results from last month's Data Table (Click the icon to view the ad 2 of 2 Read the requirements Direct materials (fabric) 1 of 2 60 yards per blanket at $8 50 per yard 15 direct labor hours per blanket at $1900 per hour O of 2 Requirement 7. Analyze each Print Done DM ce va O of 2 V DL rate variance and 0 Data Table The skilled oot workers command a Requirement 8. Look at all four variand of 11,620 yards of direct material (fabric) purchased $ o caused the other variances? 92,160 11 070 One possible cause of all four variances was 2860 hours worked S52624 workforce was used, the DL rate Freating DL however variance was efficiency variance Print Done Choose from any list or enter any number me To come to nenek Save for Later