Please complete fully, thanks

i Data Table Kimartin 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 2,200 blankets are as follows: (Click the icon to view the actual results.) Direct materials (fabric) ............ Direct labor.... .... ....4.0 yards per blanket at $9.50 per yard ...... 1 direct labor hours per blanket at $11.00 per hour . Read the innents Requirement 1. What is the standard direct material cost for ane blanket? (Round your answer to the nearest bent.) Print Done The standard direct material cost for one blanket is $ Requirement 2. What is the actual cost per yard af fabric purchased? (Round your answer to the nearest ceni.) The actual cost per yard of fabric purchased $ Requirement 3. Calculate the direct material price and quantity variances. (Enter the variances as positive numbers. Enter currency amounts in the formula to the nearest cent and then round the final variance amounts to the nearest whole dollar. Label the variance as favorable (F) or unfavorable (U). Abbreviations used: DM = Direct materials First determine the formula for the price variaron, then c ute the price variance for direct materials. Data Table - ) - DM price variance Determine the formula for the quantity variance, then campule the quanlity variance for direct materials. J) = DM quantity variance Actual cost of 9,460 yards of direct material (fabric) purchased......$ Actual yards of direct material (fabric) used ................... Actual wages for 2,320 hours worked ..........................$ 81,356 8,910 23,664 Requirement 4. What is the standard direct labor cost for one blanket? (Round your answer to the nearest cent.) Print Done The standard direct labor cost for one blanket is $ Requirement 5. What is the actual direct labor cost per hour? (Round your answer to the nearest cent.) The actual direct labor cost per hour is $ Requirement 6. Calculate the direct labor (DL) rate and efficiency variances. (Enter the variances as positive numbers. Enter the currency amounts in the formulas to the nearest cent, then round the final variance amounts to the nearest whole dollar. Label the variance as favorable (F) or unfavorable (U). Abbreviations used: DL = Direct labor) First, determine the formula for the rate variance, then compute the rate variance for direct labor. Tx(L 1) = DL rate variance ] =( ) =D First, determine the formula for the efficiency variance, then compute the efficiency variance for direct labor. ) = DL efficiency variance 8(| Requirement 7. Analyze each variance and speculate as to what may have caused that variance. The DM price variance and V DM quantity variance may have been caused by v. The V cause waste. The wage, however, DL rate variance and L D L efficiency variance may have been caused by skilled workers command a Requirement 8. Look at all four variances together (the big picture). How might they all be related? What variance is very likely to have caused the other variances? leading to ! One possible cause of all four variances is however, given a V. This would create labor hours were required, creating 7 workforce was used, the DL rate variance was . Because y leading to C tal aficiones antena DL efficiency variance