Answer all the requirements in this question

I Pender Awning manufactures awnings and uses a standard cost system. The company allocates overhead based on the number of direct labor hours. The following are the company's cost and standards data: B8 (Click the icon to view the standards.) Requirements | s " - | 1. Calculate the standard cost of one awning 2. Calculate the following variances: | a. The direct material variances. b. The direct labor variances. W Regquirement 3. Direct materials: 8 . The variable manufacturing overhead variances. , variance [+ Meg d. The fixed manufacturing overhead variances. W DM price 3. Explain what each of the variances you calculated means and give at least m . one possible explanation for each of those variances Are any of the variances | DM quantity likely to be interrelated? Direct Labor: T g Variance M DL efficiency | Variable manufactu Actual cost and operating data from the most recent month are as follows: @ (Click the icon to view the actual results.) All manufacturing overhead is allocated on the basis of direct labor hours. Read the requirements. Actual Results Purchased 38,640 yards at a total cost of $483,000 7 Used 34,900 yards in producing 2,100 awnings | Actual direct labor cost of $53,055 for a total of 4,050 hours Actual variable MOH $16,605 | Actual fixed MOH $48,400 Standard Price m:a Volume Standards: | Direct materials 17.0 yards per awning at $13.00 per yard Direct labor 2.0 hours per awning at $13.00 per hour Variable MOH standard rate $4 00 per direct labor hour Predetermined fixed MOH standard rate $11.00 per direct labor hour 900 Total budgeted fixed MOH cost $43