Flandro Company uses a standard cost system and sets its predetermined overhead rate on the basis of direct labor-hours. The following data are taken from the company's planning budget for the current year. Denominator activity (direct labor-hours) Variable manufacturing overhead cost Fixed manufacturing overhead cost 11,000 $ 34,650 $ 77,550 The standard cost card for the company's only product is given below: Inputs Direct materials Direct labor Manufacturing overhead Total standard cost per unit (2) Standard Price or Rate Standard Cost (1) (2) (1) Standard Quantity or Hours 4 yards $ 1.95 per yard $ 7.80 2 hours $ 8.50 per hour 2 hours $ 10.20 per hour 17.00 20.48 $ 45.20 During the year, the company produced 5,720 units of product and incurred the following actual results: Materials purchased, 36,300 yards at $1.90 per yard $ 68,970 Materials used in production (in yards) 23,600 Direct labor cost incurred, 12,000 hours at $8.05 per hour Variable manufacturing overhead cost incurred Fixed manufacturing overhead cost incurred $ 96,600 $ 35,900 $ 75,000 Required: 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 1 Required 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 yards at per yard Direct labor DLHs per DLH Variable manufacturing overhead DLHs per DLH Fixed manufacturing overhead DLHs per DLH Standard cost per unit