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 2,400 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 Ient 1. What is the standard direct material cost for one blankel? (Round your answer to the nearest cent.) lard direct material cost for one blanket is Data table Direct materials (fabric). 5.0 yards per blankot at $10.00 per yard Direct labor. 1 diroct labor hours per blanket at $11.00 per hour Data table Actual cost of 13,200 yards of direct material (tabric) purchased . $121,440 Actual wages for 2,550 hours worked. ................... $28,010