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 $8.00 per yard Standard Cost Direct materials Direct labor Variable manufacturing overhead $2 per direct labor-hour Total standard cost $7 Overhead is applied to production on the basis of direct labor-hours. During March, 610 backpacks were manufactured and sold. Selected information relating to the month's production is given below: Materials Used Direct Labor $10,065 $14,640 $13,650 $1,830 $2,011 Total standard cost allowed* Actual costs incurred Materials price variance Materials quantity variance Labor rate variance Labor efficiency variance Variable overhead rate variance Variable overhead efficiency variance $960U