please show work and be clear on what your answer and put the answers in bold thank you.

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Score: 0 of 3 pts 4 of 5 (1 complete) P11-61B (similar to) Actual cos Parson 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) All manula Read the (Click Requirement 1. Calculate the standard cost of one awning Standard cost Standard cost per unit Standard Price and Volume Direct materials Direct labor Vanatie MOH Fixed MOH Total standard cost Standards: Direct materials 18.0 yards per awning at $12.00 per yard Direct labor 3.0 hours per awning at $16.00 per hour Variable MOH standard rate $8.00 per direct labor hour Predetermined fixed MOH standard rate $9.00 per direct labor hour Total budgeted foxed MOH cost $62.600 Print Done Enter any number in the edit fields and then click Check Answer nam based on the number of direct labor hours. The Actual cost and operating data from the most recent month are as follows: (Click the icon to view the actual results) All manufacturing overhead is allocated on the basis of direct labor hours Read the requirements Actual Results - Price Requirements als 18 Purchased 47,040 yards at a total cost of $559,776 Used 42.400 yards in producing 2,400 awnings Actual direct labor cost of $114,675 for a total of 6,950 hours Actual variable MOH $58, 380 Actual fixed MOH $67,100 30 hoy H stand ed fixed 1. Calculate the standard cost of one awning 2. Calculate 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 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? ted fixel Print Done Print Done Print Done Clear All Score: 0 of 3 pts P11-61B (similar to) Parson Awning manufactures awnings and uses a standard cost system. The company allocates overhead based on following are the company's cost and standards data: (Click the icon to view the standards) Requirement 1. Calculate the standard cost of one awning, Standard cost per unit Standard cost Direct materials Direct labor Vanable MOH Fixed MOH Total dard cost Cythes and then do Check An 13