Check my work -2, LO10-3] Problem 10-16 Comprehensive Variance Analysis (Lo10-1, LO10 Highland Company produces a lightweight backpack that is popular with college students. Standard single backpack are given below Standard Quantity or Hours Standard Standard Price or Rate Cost $6.00 per yard s ? Dinect materials Direct labor Variable manufacturing overhead Total standard cost per unit per direct $2 labor-hour s ? Overhead is applied to production on the basis of direct labor-hours. During March, 480 backpacks were manufactured and sold. Selected information relating to the month's production is given below Variable Materials Direct Manufacturing Total standard cost allowed Actual costs incurred Materials price variance Used $12,672 $11,360 Labor $4,896 overhead $1,152 $1,024 404 PM here to search