Highland Company produces a lightweight backpack that is popular with college students. Standard varlable costs

relating to a single backpack are glven below:

The following additional information is avallable for March's production:

Actual direct labor$-$hours

Difference between standard and

actual cost per backpack produced

during March

$1,020$

$0\mathrm{.}10F$

Required:

$($Hint: It may be helpful to complete a general model dlagram for direct materlals, direct labor, and varlable

manufacturing overhead before attempting to answer any of the requirements.$)$

What is the standard cost of a single backpack?

What was the actual cost per backpack produced during March?

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

What was the materlals price varlance for March if there were no beginning or ending inventorles of materlals?

What is the standard direct labor rate per hour?

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

What was the varlable overhead rate varlance for March? The varlable owerhead efficlency varlance?

Prepare a standard cost card for one backpack.

Complete this question by entering your answers in the tabs below.

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