Hi! can you help me answer requirement 6-8 please. Im stuck on what to do next and would greatly appreciate tthe help. Thank you so much in advance!
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ilghland Compony produces a lightweight backpack that is popular with college students. Standard variable costs relating to a single ackpack are given below. Overhead is applled to production on the basis of direct labor-hours. During March, 1,000 backpacks were manufactured and sold. Selected information relating to the month's production is given below: The following additional information is aval able for March's production Actual direct Labor-haurs Difference betucen standard and actual cost per backpock 1,500 preduced during Verch Required: Hint. It moy be helpful to complete o general model diagram for direct materials, direct labor, and varicble manufacturing overhead before attempting to answer ony of the requirements 1. What is the standard cost of a single bockpack? 2. What was the octuol cost per backpack produced diuring Morch? 3. How many yards of material are required at atandard per bockpack? 4. What was the materible price variance for March if there were no beginning or ending inventories of matefiais? 5. What is the itondard direct labor rate per hour? 6. What wos the labor rate varisnce for March? The iabor eftice ency variance? 7. What was the vocioble overhead rate varionce for March? The variabie overhead efficiency variance? 8. Prepore o stondard cost card for one backpack. Required: Hint: It may be helpful to complete a general model diagram for direct materials, direct labor, and variable manufacturing ove 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. 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. Answer is not complete. Complete this question by entering your answers in the tabs below. What is the standard cost of a single backpack? 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. 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. What was the labor rate variance for March? The labor efficiency variance? 7. What was the vatiable overhead rate variance for March? The variable overhead efficiency variance? 8. Prepare a standard cost card for one backpack. Answer is not complete. Complete this question by entering your answers in the tabs below. What was the actual cost per backpack produced during March? (Round your answers to 2 decimal places.) Hint. It may be helpful to complete a general model diagram for direct materiais, direct labor, and variable manufacturing overhead Required: before sttempting to answer any of the requirements: 1. What is the standard cost of a single bockpack? 2. What was the octual cost per backpock produced during March? 3. How many yords of material are requiced ot standard per bockpock? 4. What wos the materials price variance for March if there were no beginning or ending inventories of materials? 5 What is the standord direct labor rate per hour? 6. What was the labor rate vorience for Morch? The labor efficiency vaniance? 7 What was the vorioble overhead rote variance for Morch? The variable overheod efficiency variance? 8. Prepore a stondsrd cost cotd for one backpock. Answer is not complete. 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 t decimal place.). 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. 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 materiol 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 iabor 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 cord for one backpack. Answer is not complete. Complete this question by entering your answers in the tabs below. What was the materials price variance for March if Ahere were no beginning or ending inventories of materials? (Do not nound intermediate calculations. Indicate the effect of each variance by selecting " FF for favorable, " 4 for unfavoriste. and "None" for no effect (i.e, zero variance), Input all amounts as positive values.) Hint It may be heiptul to complete a general model diagram for direct materiels, direct labor, and variable manufacturing overheod. Required: before attempting to answer any of the requirements. 1. What is the standerd cost of a single backpack? 2. What wos the actuol cost per backpack produced during March? 3. How many yords of material are required at standard per beckpack? 4. What wos the moterials price variance for Morch if there were no beginning or ending inventorles of materials? 5. What is the standard direct labor tate per hour? 6. What was the Jobor rote veriance for. March? The labor efficiency variance? 7. Whot was the variable overheod rate variance for March? The variable overhebd efficiency variance? 8. Prepore a standard cost card for one bockpack. Answer is not complete. Complete this question by entering your answers in the tabs below. What is the standard firect labor rete per hour? fint it mey be nelptul to complete a general model dagram for direct moteriols, direct labor, ond variable manufacturing overhe Required: before outempting to answor any of the requirements. 1. What le the stendord cost of o single bockpack? 2. What was the actual cost per backpack produced during March? 3. How mony youds of material are required at standord per bockpock: 4. What was ve moterials pice variance for Morch if there were no begnning or ending invertories of materials? 5. Woat is the standatd direct lobor cote per hour? 6. What wos the obor rote varionce for Morch? The labor eficlency vorience? 7. What was the varlable overheod rate voriance for March? Tne voljable overheod efficiency voriance? B Prepare os tonderd cost card for one bockpock Conplete this question by entering your answers in the tabs below. (verunce. Input y a amoured ah postive valueti) Required: Hint. It may be helpful to complete a general model diagram for direct matersals, direct labor, 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 backpack produced during March? 3. How many yards of material are required at standord per bockpeck? 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 loboc rote per hour? 6. Whot was the labor rate variance for March? The labor efiliency variance? 7. What was the variable overhead rate variance for March? The varlable ovechead efficlency varlance? 8. Prepore a standard cost card for one backpock. Complete this question by entering your answers in the tabs below. What was the variable overhead rate variance for March? The varlabie gverhead efficiency variance? SDo not round for no efeet 1 or zero variasce). Input al amounts as positive valesil. 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 the were no beginning or ending inventories of materials? 5. What is the standard direct abor rate per hour? 6. What wos 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 Complete this question by entering your answers in the tabs below. Prepare a standard cost card for one backpack, (Round your answers to 2 decimal placesi)
