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	?	$6.00 per yard	$ ?
Direct labor	?	?	?
Variable manufacturing overhead	?	$2 per direct labor-hour	?
Total standard cost			$?

Overhead is applied to production on the basis of direct labor-hours. During March, 730 backpacks were manufactured and sold. Selected information relating to the months production is given below:

	Materials Used	Direct Labor	Variable Manufacturing Overhead
Total standard cost allowed*	$17,520	$14,600	$2,336
Actual costs incurred	$15,200	?	$3,119
Materials price variance	?
Materials quantity variance	$ 720 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 Marchs production:

Actual direct labor-hours

1,280

Standard overhead rate per direct labor-hour

$2.00

Difference between standard and actual cost per backpack produced during March

$0.10

F

5.	What is the standard direct labor rate per hour?

8.	Prepare a standard cost card for one backpack. (Round your answers to 2 decimal places.)