Kelly Fabrics manufactures a specialty monogrammed blanket. The following are the cost standards for this blanket:

Direct Material (Fabric). 4.0 yards per blanket at $7.00 per yard

Direct Labor 1 direct labor hour per blanket at $13.00 per hour

Actual results from last month's production of 2,100 blankets are as follows:

Actual Cost of 9,450 yards of direct material (fabric) purchased $ 60,480

Actual yards of direct material (fabric) used . $ 8,900

Actual Wages for 2.250 hours worked .. $ 27,450

Requirement.

1. Calculate the direct material price and quantity variances.

What is the standard direct labor cost for one blanket?