Chic Ceramics Products is a manufacturer of large flower pots for urban settings. The company has these standards: (Click the icon to view the standards.) Read the requirements 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.) = Standard cost of input Direct materials pound per pound = Data table hours per hour = Direct labor Variable manufacturing overhead Fixed manufacturing overhead hours per hour = hours per hour Requirement 2. Determine the standard cost of one flower pot. (Enter your answer to the nearest cent.) Direct materials (resin) 11.4 pounds per pot, at a cost of $4.15 per pound Direct labor 1.4 hours at a cost of $16.50 per hour Standard variable manufacturing overhead rate.. $3.15 per direct labor hour Predetermined fixed manufacturing overhead rate ........... ........ $7.15 per direct labor hour Chic Ceramics allocates variable and fixed manufacturing overhead to production based on standard direct labor hours The standard cost of one flower pot is Print Done