Standard variable manufacturing overhead rate. .. Predetermined fixed manufacturing overhead rate. ..3.40 per direct labor hour ......$6.00 per direct labor hour Grow Right allocates variable and fixed manufacturing overhead to production based on standard direct labor hours Requirements 1. Compute the standard cost of each of the following inputs per pot: direct materials, 2. direct labor, variable manufacturing overhead, and fixed manufacturing overhead. Determine the standard cost of one flower pot. E11-19A Calculate and explain direct material variances (Learning Objective 2) World Class Rings produces class rings. Its best-selling model has a direct materials standard of 16 grams of a special alloy per ring. This special alloy has a standard cost of S6 3.30 per gram. In the past month, the company purchased 16,800 grams of this alloy at a total cost of $1,061,760. A total of 16,300 grams were used last month to produce 1,000 rings. Requirements 1. What is the actual cost per gram of the special alloy that World Class Rings purchased last month? 2. What is the direct material price variance? 3. What is the direct material quantity variance? 4. How might the direct material price variance for the company last month be causing the direct material quantity variance