Honiand company produces a vgntweight backpack that is popuar win colege stucents, stancard varfacio cocts relating to a single backepack are glven below: Qvechead is applied to production on the bases of direct labor hours. During March, 440 backpacks were manufactured and sold. Selected information refating to the month's production is given below: "For the morths production The folowng addwonal infoenation is avallable for Macchs production: Actual dired inevehar privicel owr ing Mark Pequired Hint it may be hejpful to complete a ganeral model diogam for direct matertak, drect laboc, and varable manufacturng overhead betore attempting to anower any of the requirements. 1 What is the randard cost of a single backpack? 2. What was the actua cost per beckpack produced ourng March? 3. How many yaids of material are required at itandard per backpock? 4. What was the materals price vantence for March f there were no begining or ending inventortes of matenals? 5. What is the standard diect lobor rate per nou? 6. What was the labor rate varionce for March? The laber effcency variance? 7. Wot was the variable ovemensa rate variance for Narch? The variable overhesd efficiency variance? 8. Prepate a standard cost card for one backpake Complete thas queition by entering your answers in the tabs below. Honiand company produces a vgntweight backpack that is popuar win colege stucents, stancard varfacio cocts relating to a single backepack are glven below: Qvechead is applied to production on the bases of direct labor hours. During March, 440 backpacks were manufactured and sold. Selected information refating to the month's production is given below: "For the morths production The folowng addwonal infoenation is avallable for Macchs production: Actual dired inevehar privicel owr ing Mark Pequired Hint it may be hejpful to complete a ganeral model diogam for direct matertak, drect laboc, and varable manufacturng overhead betore attempting to anower any of the requirements. 1 What is the randard cost of a single backpack? 2. What was the actua cost per beckpack produced ourng March? 3. How many yaids of material are required at itandard per backpock? 4. What was the materals price vantence for March f there were no begining or ending inventortes of matenals? 5. What is the standard diect lobor rate per nou? 6. What was the labor rate varionce for March? The laber effcency variance? 7. Wot was the variable ovemensa rate variance for Narch? The variable overhesd efficiency variance? 8. Prepate a standard cost card for one backpake Complete thas queition by entering your answers in the tabs below