8. Prepare a standard cost card for one backpack. Complete this question by entering your answers in the tabs below. What was the variable overhead rate variance for March? The variable overhead efficiency variance? (Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i,e, zero variance). Input all amounts as positive values.) 8. Prepare a standard cost card for one backpack. Complete this question by entering your answers in the tabs below. What was the actual cost per backpack produced during March? (Round your answer to 2 decimal places.) 8. Prepare a standard cost card for one backpack. Complete this question by entering your answers in the tabs below. Prepare a standard cost card for one backpack. (Rlound your answers to 2 decimal places.) 8. Prepare a standard cost card for one backpack. Complete this question by entering your answers in the tabs below. What was the labor rate variance for March? The labor efficiency variance? (Do not round your intermediate calculations. indicate the effect of each variance by selecting "F" for favorable, " U " for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.) 8. Prepare a standard cost card for one backpack. Complete this question by entering your answers in the tabs below. What is the standard cost of a single backpack? (Round your answer to 2 decimal places.) 8. Prepare a standard cost card for one backpack Complete this question by entering your answers in the tabs below. What was the materials price variance for March if there were no beginning or ending inventories of materials? (Do not roun intermediate calculabions. Indicate the effect of each variance by selecting " F " for favorable, " U " for unfavorable, and "None for no effect (i.e, zero variance). Input alt amounts as positive values.) The following additional information is available for March's production: Required: (Hint it may be helpful to complete a general model diagram for direct materials, direct labot, and variable manufactuning overhea before attempting to answer any of the requirements) 1. What is the standard cost of a single backpock? 2. What was the actual cost per backpack produced during March? 3. How many yards of moterial are required at standard per backpack? 4. What was the materials price variance for Morch if there were no beginning or ending inventories of matertais? 5. What is the standard direct labor rate per hour? 6 . What was the labor rate variance for March? The labor efficiency variance? 7. What was the varlable ovecheod rate variance for March? The variable overhead efticiency variance? 8. Prepare a standard cost card for one backpock. 8. Prepare a standard cost card for one backpack. Complete this question by entering your answers in the tabs below. How many yards of material are required at standard per backpack? (Round your answer to 1 decimal place.) 8. Prepare a standard cost card for one backpack. Complete this question by entering your answers in the tabs below. What is the standard direct labor rate per hour? (Round your answer to 2 decimal places.)