Goldfish Corp. produces swimming pool covers produced from a fabric designed to repel rain and snow. They use a standard costing system. Goldfish allocates overhead based on the number of direct labor hours. The following are the company's cost and standards data Standards: Direct material 20.0 yards per cover at $12.40 Direct labor 3.0 hours per cover at $12.00 per hour Variable MOH standard Predetermined fixed MOH standard rate $9.00 Total budgeted fixed MOH cost $82,900 ard rate $5.60 per direct labor hour direct labor hour Actual cost and operating data from the most recent month follows Purchased 50,990 yards at a total cost of $646,499 Used 42,600 yards in producing 2,950 covers Actual direct labor cost of $93,377 for a total of 8,200 hours Actual variable MOH cost $50,060 Actual fixed MOH cost $88,600 Answer the following questions. Carry to four decimal places. Each question is worth 1 point. 1. Calculate the standard cost of one swimming pool cover: Submit Answer Tries 0/10 2. Calculate direct material variances. Enter as a positive if favorable and negative if unfavorable. a. Direct material price variance: b. Direct material quantity variance: Submit Answr Tries 0/10 3. Calculate direct labor variances. Enter as a positive if favorable and a negative if unfavorable a. Direct labor rate variance: b. Direct labor efficiency variance: Submit Answer Tries 0/10 4. Calculate variable manufacturing overhead variances. Enter as a positive if favorable and negative if unfavorable a. variable MOH rate variance: b. Variable MOH efficiency variance Submit Answer Tries 0/10 5. Calculate fixed manufacturing overhead variances. Enter as a positive if favorable and negative if unfavorable