Highland Company produces a lightweight backpack that is popular with college students. Standard variable costs relating to a single backpack are given below:

Standard Quantity or Hours Standard Price or Rate Standard Cost

Direct materials $?$ $ $6\mathrm{.}00$ per yard $ $?$

Direct labor $???$

Variable manufacturing overhead $?$ $ $2$ per direct labor$-$hour $?$

Total standard cost per unit $ $?$

Overhead is applied to production on the basis of direct labor$-$hours. During March, $530$ backpacks were manufactured and sold. Selected information relating to the month$$s production is given below:

Materials Used Direct Labor Variable Manufacturing Overhead

Total standard cost allowed$*$ $ $12,720$ $ $8,056$ $ $1,696$

Actual costs incurred $ $11,925?$ $ $2,809$

Materials price variance $?$

Materials quantity variance $ $1,590$ U

Labor rate variance $?$

Labor efficiency variance $?$

Variable overhead rate variance $?$

Variable overhead efficiency variance $?$

$*$For the month's production.

The following additional information is available for March$$s production:

Actual direct labor$-$hours $795$

Difference between standard and actual cost per backpack produced during March $ $0\mathrm{.}20$ 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.$)$

$5.$ 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.