Denominator activity (direct labor-hours) Variable manufacturing overhead cost Fixed manufacturing overhead cost 13,808 $ 39,656e $118,58e The standard cost card for the company's only product is given below: Standard Price or Rate Standard Quantity or Hours 4 yards1.85 per yard 2 hours8.25 per hour 2 hours11.55 per hour Standard Cost Inputs Direct materials Direct labor Manufacturing overhead Total standard cost per unit $ 7.48 16.58 23.18 $ 47.88 During the year, the company produced 6,760 units of product and incurred the following actual results: Materials purchased, 42,908 yards at $1.88 per yard Materials used in production (in yards) Direct labor cost incurred, 14,880 hours at $7.95 per hour Variable manufacturing overhead cost incurred Fixed manufacturing overhead cost incurred $ 77,228 27,9e8 111,388 $ 48,458 $ 86,198 Requlred: 1. Create a new standard cost card that separates the variable manufacturing overhead per unit and the fixed manufacturing overhead per unit. 2. Compute the materials price and quantity variances. Also, compute the labor rate and efficiency variances. 3. Compute the variable overhead rate and efficiency variances. Also, compute the fixed overhead budget and volume variances Complete this question by entering your answers in the tabs below Required 1Required 2 Required 3 Create a new standard cost card that separates the variable manufacturing overhead per unit and the fixed manufacturing overhead per unit. (Round your answers to 2 decimal places.) Direct materials Direct labor Variable manufacturing overhead yards at DLHs DLHs DLHs per yard per DLH per DLH per DLH Standard cost per unit