Kaplin Fabrics manufactures a specialty monogrammed blanket. The following are the cost standards for this blanket: (Click the icon to view the standards.) Actual results from last month's production of 2,100 blankets are as follows: (Click the icon to view the actual results.) Read the requirements. Requirement 1. What is the standard direct material cost for one blanket? (Round your answer to the nearest cent.) The standard direct material cost for one blanket is Data table Direct materials (fabric) Direct labor 5.0 yards per blanket at $10.00 per yard 2.5 direct labor hours per blanket at $18.00 per hour - Kaplin Fabrics manufactures a specialty monogrammed blanket. The following are the cost standards for this blanket: (Click the icon to Actual results from las (Click the icon to Read the requirements Requirement 1. Wha The standard direct m Data table Actual cost of 11,340 yards of direct material (fabric) purchased.. $ 103,194 Actual yards of direct material (fabric) used Actual wages for 5,350 hours worked **** 10,790 $ 93,625 - Print Done Fabrics manufa Click the icon to Requirements results from las Click the icon to 1. the requirement 2. What is the standard direct material cost for one blanket? 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? Calculate the direct labor rate and efficiency variances. Analyze each variance and speculate as to what may have caused that 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? 6. rement 1. Wha 7. tandard direct m - - X