Krystal Fabrics manufactures a specialty monogrammed blanket. The following are the cost standards for this blanket: (Click the icon to view the siandards.) Actual results from last month's production of 1,800 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 Actual cost of 8,280 yards of direct material (fabric) purchased . 582,800 Actual yards of direct material (fabric) used Actual wages for 3,750 hours worked Krystal Fabrics manufactures a specialty monogrammed blanket. The following are the cost standards for this bianiket: (Click the icon to view the standards.) Actual results from last month's production of 1,800 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 oirect matenal cost for one bianket is Requirements 1. What is the standard direct material cost for one blaniket? 2. What is the actual oost per yard of fabric purchased? 3. Calculate the direct material price and quantity varianoes. 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. 7. Analyze each variance and speculate as to what may have caused that variance; 8. Lock at all four variances together (the big picture) How might they all be relaled? What variance is very likely to have caused the other variances? Krystal Fabrics manufactures a specialty monogrammed blanket. The following are the cost standards for thes blanket: (Click the icon to view the standards.) Actual results from last month's production of 1,800 blankets are as follows: (Click the icon to view the actual results.) Read the reguirements: 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