Save Score: 0 of 1 pt 2015(complete) Score: 2.59%, 0.13 of 5 pts P11-54B (similar to) Data Table Parson Awning manufactures awnings and uses a standard cost system. The company allo Requrements Standards: Direct materials 17.0 yards per awning at $12.00 per yard Direct labor 2.0 hours per awning at $16.00 per hour Variable MOH standard rate $2.00 per direct labor hour Predetermined fixed MOH standard rate $6.00 per direct labor hour Total budgeted fxed MOH cost $27,800 1. Calculate the standard oost of one awning 2. Caloulate the following variances: a. The direct material variances. b. The direct labor variances. c. The variable manufacturing overhead variances d. The fixed manufacturing overhead variances. . Explain what euch of the variances you caloulated means and give at lstData Table one possible explanation for each of those varianoos. Are any of the variances likely to be interrelated? Purchased 45,000 yards at a total cost of $526,500 Used 41,800 yards in producing 2,500 awnings Actual direct labor cost of $78,894 for a total of 4,870 hours Actual variable MOH $11,688 Actual fxed MOH $31,800 Print Done Print Done Enter any number in the edit fieids and then click Check