Data Table hen Direct materials (fabric) Direct labor 5.0 yards per blanket at $10.50 per yard 1 direct labor hours per blanket at $15.00 per hour Print Done Data Table It ce --- Actual cost of 10,260 yards of direct material (fabric) purchased Actual yards of direct material (fabric) used. Actual wages for 2,030 hours worked $ 101,574 9,760 $ 29,435 Print Done O Kaplin Fabrian marutactures specialty monogrammed bilarket. The following are the costandards for this bar Click the icon to view the standards) Ach results from last monthis production of 1,000 kata was follows: Click the icon to view the actual results Read themes Requirement. What is the standard direct material cost for one blanket? Round your wer to the rewart) The standard direct material cost for one bankat is Requirement 2. What is the act out per yard of the purchased? (Round your wrower to the nearest cent) The actual cost per yard of fabric purchased 1050 Requirements Calculate the direct material price and garden the verses postivere Enter cup roures in the formats the newest cor and then mund the wrote the rest de dollar Label the variance as favorable (F) or unfavorable Abbreviations used DM Direct materials First determine the formula for the price range, then compute the price variance for direct materials XE ) - OM race Determine the formula for the any variance the computerance for director X x - OM qui variance Requirement 4. What is the standard direct labor cost for one bankat? Round your answer to the nearest cont) The standard direct labor cost for one Mans RAU. What is the actual direct labor cost per hour Round your to the recent) The actual direct labor cost per hours Requirement 6. Calculate the director (DL) and oiciency variances (Enter the variances positive numbers or the currency amounts in the form the cont, the round the travers to the dolore the variance as favorable for store (U). Abbreviation Director) First, determine the form for the rate variance, the compute the rate orice for director x ) - Orale varian First, determine the formula for the efficiency variance, then compute the efficiency variance for direct labor OL efficiency variance x Requirement 7. Analyse cacherance and species what may have caused that are The OM price and OM we may have been The The Dewance and W OL officiency wariance may have been caused by cances Requirements. Look til for variances together the big picture) How might they albered? What is why the caused the other res? One possible cause of all four variances in This would create workforce was used, the Late varice Choose from any ist or enter any number in the input folds and then continue to the next