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 DLH	?
total standard cost	-	-	$?

Overhead is applied to production on the basis of direct labor-hours. During March, 1,200 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	$10,500	$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	$0.15 F

What is the standard cost of a single backpack?

What is the actual cost per backpack produced during March?

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

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

What is the standard direct labor rate per hour?

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

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

Prepare a standard cost card for one backpack.