Groovy Bottles Products is a manufacturer of large flower pots for urban settings. The company has these standards: (Click the icon to view the standards.) Read the requirements. Requirement 1. Compute the standard cost of each of the following inputs per pot: direct materials, direct labor, variable manufacturing overhead, and fixed manufacturing overhead. (Round your answers to the nearest cent.) Standard cost of input i Requirements 1. Compute the standard cost of each of the following inputs per pot: direct materials, direct labor, variable manufacturing overhead, and fixed manufacturing overhead. 2. Determine the standard cost of one flower pot. Print Done X Data Table Direct materials (resin) 9.8 pounds per pot, at a cost of $3.50 per pound Direct labor 1.4 hours at a cost of $16.60 per hour Standard variable manufacturing overhead rate . $2.00 per direct labor hour Predetermined fixed manufacturing overhead rate $7.25 per direct labor hour Groovy Bottles allocates variable and fixed manufacturing overhead to production based on standard direct labor hours. Print Done