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 $?$ $ $6$ per yard $ $?$

Direct labor $???$

Variable manufacturing overhead $?$ $ $3$ per direct labor$-$hour $?$

Total standard cost per unit $ $?$

Overhead is applied 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:

Materials Used Direct Labor Variable Manufacturing Overhead

Total standard cost allowed$*$ $ $16,800$ $ $21,000$ $ $4,200$

Actual costs incurred $ $15,000?$ $ $3,600$

Materials price variance $?$

Materials quantity variance $ $1,200$ 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 $1,500$

Difference between standard and actual cost per backpack produced during March $ $0\mathrm{.}15$ FWhat is the standard cost of a single backpack?

What was the actual cost per backpack procuced during March?

How many yards of material are required at standard per backpock?

What was the materials price variance for March if there were no beginning or ending inventories of materab?

What is the standard direct labor rate per hour?

What was the labor rate variance for March? The labor efficlency variance?

What was the variable overhead rate variance for March? The variable overhead efficiency varlance?

Prepare a standard cost card for one backpack.