Chic Design allocated fixed manufacturing overhead to production based on standard direct labor hours. Last month, the company reported the following actual results for the production of 2,000 flower pots: 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 Direct materials ............... . Purchased 27,900 pounds at a cost of $3.40 per pound; Used 27,400 pounds to produce 2,000 pots Direct labor Worked 4.5 hours per flower pot (9,000 total DLH) at a cost of $11.00 per hour Actual variable manufacturing overhead .... $3.50 per direct labor hour for total actual variable manufacturing overhead of $31,500 Actual fixed manufacturing overhead ....... $37,500 Standard fixed manufacturing overhead allocated based on actual production ... $40.000 GrandScapes Products is a manufacturer of large flower pots for urban settings. The company has these standards: k the icon to view the standards.) Requirements 1. Compute the standard cost of each of the following inputs per pot: direct materials, direct labor, variable manufacturing overhead, and fixed manufacturing overhead. 2. Determine the standard cost of one flower pot. 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