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the cost standards for this blanket 0 Data Table Kimartin Fabrics manufactures a specialty monogrammed blanket. The flowing Click the icon to view the standarde) Actual results from last mon's production of 2.100 blankets are as follows: (Click the icon to view the actual results) Read the requirements ) Direct mat Direct labor 40 yards por blank $750 por yard 0.5 director hours per a 13.00 per hour Requirement 1. What is the standard direct material cost for one blanket? Round your answer to the nearest cent) 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 labne purchased od of fabric purchased $ 700 o ther Requirement 3. Calculate the direct material price and quantity variances Enter the variances s poslove numbers Cher currency amounts in the m dolar Label the variance as favorable (F) or unfavorable (U) Abbreviations usedOMDirect matters 0 First demine the formula for the price range, then compute the price variance for direct manas Data Table OM po vande 66.150 Actus cost of 9.450 yards of direct material and purchased Actual yards of direct material b s d Adual wages for 1,150 hours worked 14.750 Print Done Choose from any list or enter any number in the input fields and then click Check Answer CONGWE 8 parts remaining - 0 Data Table 40 yards per la peryal *P11-54B (simpilatok Kilmartin Fabrics manute 1 Requirement Click the loon to view Actual results from last me Cack the icon to view 1. What is the standard de material cost for one blanket? 2 What is the actual cost per yard ofobic purchased? Road the requirements 3. Calculate the direct material price and quantity vannes What is the standard direct labor cool for one blanket? Requirement 1. What is 5. What is the actual direct labor cost per hour? 6. Calculate the direct laborale and ency vannes The standard direct mate 7. Analyze each variance and speciale as to what may have caused that Requirement 2. What be 8. Look at all four variances together the big picture) How might related? What variance is very likely to have caused the other variances? The actual cost per yard in the formats the nearbond handhaven Print Done Data Table Requirement 3. Calcu dollar Label the variance First determine the formular .15 A l cost of 450 yards of direct maroc purchased Adulyards of direct matalab Acha wages for 1.100 hours word ids and then click Check Answer Clear All Choose from any list or enter any number in the input PEU