Ceramics Etc. Products is a manufacturer of large flower pots for urban settings. The company has these standards:

Requirement $1.$ Compute the standard cost of each of the following inputs per pot: direct materials, direct labor, variable manufacturing overhead, and fixed manufacturing overhead. $($Round your answers to the nearest cent.$)$

$\backslash$table$[[,$Standard quantity,$x,$Standard price,$=,$Standard cost of input$],[$Direct materials,pound,$x,$per pound,$=,]]$

Data table

Requirements

$10\mathrm{.}4$ pounds per pot, at a cost of $$3\mathrm{.}60$

Direct materials $($resin$).q,$ per pound

Direct.labor. $q,1\mathrm{.}4$ hours at a cost of $$15\mathrm{.}20$ per hour

Standard variable manufacturing overhead rate $..$ $$2\mathrm{.}75$ per direct labor hour

Predetermined fixed manufacturing overhead rate

$$6\mathrm{.}25$ per direct labor hour

Ceramics Etc. allocates variable and fixed manufacturing overhead to production based on standard direct labor hours.

Compute the standard cost of each of the following inputs per pot: direct materials, direct labor, variable manufacturing overhead, and fixed manufacturing overhead.

Determine the standard cost of one flower pot.