Homework: 11-49A Score: 0 of 3 pts P11-49A (similar to) Read the requirement Clear All 1-49A 1 of 1 (0 r to) w the standards) tis the standard direct material cost for one bla ] aterial cost for one blanket is $ Actual cost of 3,750 yards of direct material (labric) purchased33.750 3.200 S 14,025 Actual wages for 850 hours worked Prnt [One] Bone Clear Al 1 of 1 (o ar to) The ew the actual results ) 1. What is the standard direct material cost for one blanket? 2. What is the actual cost per yard of fabric purchased? 3. Calculate the direct material price and quantity variances 4. What is the standard direct labor cost for one blanket? 5. What is the actual direct labor cost per hour? 6. Calculate the direct labor rate and efficiency variances . Analyze each variance and speculate as to what may have caused that s the standard direct material cost for one bla aterial cost for one blanket is S variance 8. Look at all four variances together (the big picture). How might they all be related? What variance is very likely to have caused the other variances? he edit fields and then click Check Answer Clear All Hormework: 11-49A Score: 0 of 3 pts P11-49A (similar to) 41 of 1 (0 complete) es a (Click the icon to view the standards ) Actual results from last monthi's production of 1,500 blankets are as follows EE (click the icon to view the actual results ) Read the zequirements What is the standard direct material cost for one blanket? (Round your answer to the nearest cent) Requirement 1. ] [ The standard direct material cost for one blanket is $ Clear All 10 pertaining