Please please use same format. thank you for ur help u are so appreciated! :)

Standard Price and Volume Standards: Direct materials 19.0 yards per awning at $15.00 per yard Direct labor 4.0 hours per awning at $17.00 per hour Variable MOH standard rate $7.00 per direct labor hour Predetermined fixed MOH standard rate $5.00 per direct labor hour Total budgeted fixed MOH cost $38.500 REDAPEN SVE 20 PH ESP s ALEGRESTA Fiba SPARSIN Fadden 322 60 ESTARINS S Sangihe PATVIR Seat ERSTAUROR BEER 10000 Actual Results Purchased 41,200 yards at a total cost of $601,520 Used 37,300 yards in producing 2,000 awnings Actual direct labor cost of $137,375 for a total of 7,850 hours Actual variable MOH $59,660 Actual fixed MOH $44,500. - X Actual cost and operating data from the most recent month are am follows: Pratt Awning manufactures awnings and uses a standard cost system. The company allocates overhead based on the number of direct labor hours. The following are the company's cost and standards data: (Click the icon to view the standards.) (Click the icon to view the actual results.) All manufacturing overhead is allocated on the basis of direct labor hours. **** 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 Requirement 2a. Calculate the direct material variances. (Enter the variances as positive numbers. Enter currency amounts to the nearest cent and your answers 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 variance, then compute the price variance for direct materials. DM price variance Determine the formula for the quantity variance, then compute the quantity variance for direct materials. DM quantity variance CZE Requirement 2b. Calculate the direct labor variances. (Enter the variances as positive numbers. Enter currency amounts to the nearest cent and your answers 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. DL rate variance ) = First determine the formula for the efficiency variance, then compute the efficiency variance for direct labor. DL efficiency variance M Requirement 2c. Calculate the variable manufacturing overhead variances. (Enter the variances as positive numbers. Enter currency amounts to the nearest cent and your answers to the nearest whole dollar. Label the variance as favorable (F) or unfavorable (U).) First determine the formula for the rate variance, then compute the rate variance for variable manufacturing overhead. (Round interim calculations to the nearest cent.) Variable overhead rate variance Requirement 2c. Calculate the variable manufacturing overhead variances. (Enter the variances as positive numbers. Enter currency amounts to the nearest cent and your answers to the nearest whole dollar. Label the variance as favorable (F) or unfavorable (U).) First determine the formula for the rate variance, then compute the rate variance for variable manufacturing overhead. (Round interim calculations to the nearest cent.) Variable overhead rate variance B ) = Now compute the variable manufacturing overhead efficiency variance. First determine the formula for the efficiency variance, then compute the efficiency variance for variable manufacturing overhead. Variable overhead efficiency variance Requirement 2d. Calculate the fixed manufacturing overhead variances. (Enter the variance as a positive number. Label the variance as favorable (F or unfavorable (U).) Begin by computing the fixed manufacturing overhead budget variance. First determine the formula for the budget variance, then compute the budget. variance for fixed manufacturing overhead. *** Requirement 2d. Calculate the fixed manufacturing overhead variances. (Enter the variance as a positive number. Label the variance as favorable (F) or unfavorable (U).) Begin by computing the fixed manufacturing overhead budget variance. First determine the formula for the budget variance, then compute the budget variance for fixed manufacturing overhead. Fixed MOH budget variance W Now compute the fixed manufacturing overhead volume variance. First determine the formula for the volume variance, then compute the volume variance for fixed manufacturing overhead. Fixed MOH = volume variance Requirement 3. Explain what each of the variances you calculated means and give at least one possible explanation for each of those variance Direct materials: Possible explanation Variance Meaning DM price DM quantity Direct Labor: Possible explanation Variance Meaning DL rate DL efficiency Variable manufacturing overhead: Possible explanation Variance Meaning VOH rate VOH efficiency inn 4.62 Fixed manufacturing overhead: Variance Meaning FOH budget FOH volume Are any of the variances likely to be interrelated? The Possible explanation variance is likely to be related to the This may have resulted in variance. It is likely that Pratt Awning