Score: 0.19 of 5 pts HW Score: 51 85%, 5 19 of 10 pts 2 of 3 (3 complete) P11-54B (book/static) Data Table Athena Fabrics manufactures a specialty monogrammed blanket. The following are the cost standards for this blanket EEE (Click the icon to view the standards.) Actual results from last month's production of 1,900 blankets are as follows EEB (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) Direct materials (fabric) Direct labor 2.0 yards per blanket at $7.50 per yard 0.5 direct labor hours per blanket at $16.00 per hour Data Table 15.00 The standard direct material cost for one blanket is $ Requirement 2. What is the actual cost per yard of fabric purchased? (Round your answer to the nearest cent.) The actual cost per yard of fabric purchased S 7.10 S 35,074 4,490 S 16,568 Actual cost of 4,940 yards of direct material (fabric) purchased Actual yards of direct material (fabric) used. Actual wages for 1,090 hours worked Requirement 3. Calculate the direct material price and quantity variances. (Enter the variances as positive numbers. Enter currency nearest whole dollar. Label the variance as favorable (F) or unfavorable (U). Abbreviations used: DMDirect materials) Print Done First determine the formula for the price vaiance, then compute the price variance for direct materials DM price variance x ( x ( Choose trom any list or enter anyrumber in the input fields and then click Check