G how do you saveta W. Real Estate Foghland Company produces a lightweight backpack that is popular with college students. Standard variable costs relating to a single backpack are given below. Standard Quantity Standard Price Standard or Wouts or late Cost Direct saterials $6.00 per yard Direct Libor 2 per direct labor Variable facturing overhead $2 hour Total Standard cost per unit 52 Overhead is applied to production on the basis of direct labor-hours. During March, 400 backpacks were manufactured and sold Selected information relating to the month's production is given below Variable Materials Direct Manufacturine Used Labor Overhead Tutal standard cost allowed 39,120 $3,048 S60 Actual costs incurred Materials wice variance Material quantity variance 11,120 Lorate variance Liborecency variance Variable overhead rate variante Variable overhees efficiency valence "For the month's production The following additional informations available for March's production Difference between ordura and metal cost per backpacks 2.0 product in March Required: Hat may be netpful to complete a general model diagram for direct materials, director and variable manufacturing overhead before attempting to answer any of the requirements 1 What is the standard cost of a single backpack 2. What was the actual cost per hackpack produced during March? How many yards of materiale required at standard per backpack? 4 What was the materiais price variance for March if there were no beginning or ending verstones of materials 5. What is the standard chectorrate per hour? 6 What was the laborate variance for March the labor eficiency variance? 7 What was the variable overhead vate vanance for Marche The Valle overhead eficiency and be a sadard cost card for one tacak 31!! a o Type here to search op Variable overhead efficiency For the month's production The following additional information is able for March's production Actual direct labor-hours 680 olfference between standard and actual cost per backpacks 0.20 produced during March Required: Hint it may be helpful to complete a general model diagram for direct materials, direct labor and variable manufacturing before attempting to answer any of the requirements 1. What is the standard cost of a single backpack? 2 What was the actual cost per backpack produced during March? 3. How many yards of material are required at standard per backpack? 4. What was the materials price variance for March if there were no beginning or ending inventories of materials? 5. What is the standard direct labor rate per hour? 6. Wat was the labor rate vanance for March? The labor efficiency variance? 7 What was the variable overhead rate variance for March? The variable overhead efficiency variance? 8. Prepare a standard cost card for one backpack Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required Required 6 Required Required What is the standard cost of a single backpack? (Round your answer to 2 decimal places) Olandan costosa Required 2 >
