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.) Direct materials (resin) . . . . . . . . . . . . . 8 pounds per pot, at a cost of $4.15 per pound Direct labor. 1.8 hours at a cost of $16.75 per hour Standard variable manufacturing overhead rate . . . \$2.60 per direct labor hour Predetermined fixed manufacturing overhead rate $6.15 per direct labor hour Chic Ceramics allocates variable and fixed manufacturing overhead to production based on standard direct labor hours