help please

2 Problem 10-16 (Algo) Comprehensive Variance Analysis (L010-1, LO10-2, LO10-3] 4 Highland Company produces a lightweight backpack that is popular with college students. Standard variable costs relating to a single backpack are given below. pints Standard Quantity or Hours eBook Standard Price on Rate 56.00 per yard 2 per direct labor 5 2 hour Standard Cost $ ? Direct materials Direct labor Variable manufacturing overhead Total standard cost per unit $ Overhead is applied to production on the basis of direct labor hours. During March, 520 backpacks were manufactured and sold Selected information relating to the month's production is given below Variable Materials Direct Manufacturing Used Labor Overhead Total standard cost allowed $ 15,600 57,280 31,456 Actual costs incurred $ 14,135 2 11,717 Materials price variance 2 Materials quantity variance $ 1.5900 Labor rate variance Labor efficiency variance Variable overhead rate variance Variable overhead officiency variance For the month's production The following additional Information is available for March's production: 2 Materials Used $15,600 Direct tabor $7,280 2 Variable Manufacturing Overhead 51,456 51,717 24 points > $ 1,990 Total standard cost allowed" Actual costs incurred Materials peice variance Materials quantity variance Labor rate variance Labor efficiency variance Variable overhead rate variance Variable overhead efficiency, variance ebook "For the month's production The following additional information is available for March's production Actual direct labor-hours Difference between standard and actual cost per backpack produced during March 780 $ 0.20 F Required: Hint It may be helpful to complete a general model diagram for direct materials, direct labor, and variable manufacturing overhead before attempting to answer any of the requirements. 1. Wndt 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. What was the labor rate variance 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 Sint