i need an answer for only requirement #1

Patterson Awning manufactures awnings and uses a Actual cost and operating data from the most recent standard cost system. The company allocates month are as follows on the number of direct labor hours. R (Click the icon to view the actual results.) The following are the company's cost and standards data All manufacturing overhead is allocated on the basis of direct labor hours. EEB (Click the icon to view the standards) Read the requirements. ard Requirements 1 1. Calculate the standard cost of one awning. 2. Calculate the following variances: a. The direct material variances ren b. The direct labor variances. c. The variable manufacturing overhead variances. d. The fixed manufacturing overhead variances. ab 3. Explain what each of the variances you calculated means and give at least one possible explanation for each of those variances. Are any of the variances likely to be interrelated? le Print Done followingi Standard Price and Volume th (Click th Standards: iremen Direct materials 22.0 yards per awning at $14.00 per yard dard co Direct labor 5.0 hours per awning at $18.00 per hour Variable MOH standard rate $7.00 per direct labor hour t mater Predetermined fixed MOH standard rate $8.00 per direct labor hour t labor Total budgeted fixed MOH cost $70,500 ble MO d Print Done standa ead base ollowing ts i Actual Results X in the ba Click the Purchased 42,480 yards at a total cost of $573,480 rement Used 38,400 yards in producing 1,800 awnings lard cost Actual direct labor cost of $163,725 for a total of 8,850 hours materia Actual variable MOH $63,720 labor Actual fixed MOH $75,500 le MOH Print Done MOH standard Requirement 1. Calculate the standard cost of one awning. Standard cost Standard cost per unit Direct materials Direct labor. Variable MOH Fixed MOH Total standard cost