Karyn 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 1,600 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 Data Table Actual cost of 10,560 yards of direct material (fabric) purchased .... $ Actual yards of direct material (fabric) used ........ Actual wages for 930 hours worked ........ ............. $ ..... 99,264 10,060 12,276 Direct materials (fabric) .................... 6.0 yards per blanket at $10.00 per yard ........0.5 direct labor hours per blanket at $14.00 per hour Direct labor ............. Print Done Print Done