ast month's production of 1,900 blankets are as follows: to view the actual results.) ents formula for the price variance, then compute the price variance for direct materials. purch 0 Data Table 0 X F mula fd price Direct materials (fabric) Direct labor 5.0 yards per blanket at $7.00 per yard 2 direct labor hours per blanket at $12.00 per hour Nhat s| Print Done ect labo What is the actual direct labor cost per hour? (Round your answer to the nearest cent.) t labor cost per hour is - Calculate the direct labor (DL) rate and efficiency variances. (Enter the variances as positive numbers. Enter the currency amounts in the formulas denna Annusad DL e price variance, then compute the price variance for direct materials. 0 Data Table uantit nce . Actual cost of 10,260 yards of direct material (fabric) purchased . $ 63,612 Actual yards of direct material (fabric) used 9,810 Actual wages for 3,950 hours worked $ 45,030 C standard Print Done st for on actual d! First determine the formula for the price variance, then compute the price variance for direct materials. Actual quantity purchased Actual price Standard price 10620 DM price variance 63713 6 7 F Determine the formula for the quantity variance, then compute the quantity variance for direct materials Standard price Actual quantity used Standard quantity allowed ) 5 9810 9500 Requirement 4. What is the standard direct labor cost for one blanket? (Round your answer to the nearest cont.) DM quantity variance 1550 U The standard direct labor cost for one blanket is Requirement 5. What is the actual direct labor cost per hour? (Round your answer to the nearest cent.) The actual direct labor cost per hour is Enter the variances as positive numbers. Enter the currency amounts in the formule