Corporation manufactures pairs of boots. Each pair of boots requires:

DM: 0.75 yards of leather. 1 yard of leather costs $50.

DL: 2 hours of labor. Labor is $24.50 per hour.

MOH: Applied at $15/DL hour.

Production is scheduled as follows:

Jan: 10,000 pairs

Feb: 12,000 pairs

Mar: 12,500 pairs

Apr: 14,000 pairs

Wildcat keeps 25% of next month's leather needs in inventory. The opening balance in January is 350 yards of leather.

What is the standard cost of one pair of boots?

How many yards of leather should we buy in January?

What is our planned expenditure on DM (in dollars) for March?

How many direct labor hours should we budget for January?

How much do we plan to spend on DL in February?

How much MOH is applied in March?