Osceola Inc. manufacturers tent-like awnings for outdoor patios. They use a standard costing system. Osceola allocates overhead based on the number of direct labor hours. The following are the company's cost and standards data:

Standards:

Direct material 20.0 yards per awning at $13.80 per yard

Direct labor 5.0 hours per awning at $10.00 per hour

Variable MOH standard rate $4.60 per direct labor hour

Predetermined fixed MOH standard rate $9.40 per direct labor hour

Total budgeted fixed MOH cost $81,200

Actual cost and operating data from the most recent month follows:

Purchased 43,490 yards at a total cost of $547,900

Used 38,400 yards in producing 2,150 awnings.

Actual direct labor cost of $92,693 for a total of 8,200 hours

Actual variable MOH cost $44,613

Actual fixed MOH cost $86,500

Answer the following questions. Carry to four decimal places. Each question is worth 1 point.

1. Calculate the standard cost of one awning: