Daley. Inc. is a privately held furniture manufacturer For August 2014. Daley had the following standards for one of its products. a wicker chair Standards per Chair Direct materials 2 square yards of input at S 5.80 per square yard 0.5 hour of input at S 10.60 per hour Direct manufacturing labor The following data were compiled regarding actual performance: actual output units (chairs) produced, 2.300; square yards of input purchased and used, 4.200 price per square yard, $590 direct manufacturing labor costs, $10,395 actual hours of input, 990; labor price per hour 0.50 Read the requirements