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HW 10 question 2 Highland Company produces a lightweight backpack that is popular with college students. Standard variable costs telating to a single backpack are
HW 10 question 2
Highland Company produces a lightweight backpack that is popular with college students. Standard variable costs telating to a single backpack are given below: Overhead is applied to production on the basis of direct labor-hours. During March, 520 backpacks were manulactured and sold. Selected information relating to the month's production is given below: 'For the month's production The following additional information is avallable for March's productione Actual direct latien-tours Brsdicesed duritie harch $0.20r 3. Huw imany yaicis un matellal die tequirea di stanualu per Dackpack: 4. What was the materials price variance for March if there were no beginning or ending inventories of materials? 5. What is the standard direct labor rate per hour? 6. What was the labor rate variance for March? The labor efficiency variance? 7. What was the variable overhead rate variance for March? The vatiable overhead efficlency variance? 8. Prepare a standard cost card for one backpack. Complete this question by entering your answers in the tabs below. What was the materials price variance for March if there were no beginning or ending inventories of materials? (Do not round intermediate calculations. Indicate the effect of each variance by selecting " F " for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero varlance). Input all amounts as positive values.) 1. What is the standard cost of a single backpack? 2. What was the actual cost per backpack produced during March? 3. How many yards of material are required at standard per backpack? 4. What was the materials price variance for March if there were no beginning or ending inventories of materials? 5. What is the standard direct labor rate per hour? 6. What was the labor rate variance for March? The labor efficiency variance? 7. What was the variable overhead rate variance for March? The variable overhead efficiency variance? 8. Prepare a standard cost card for one backpack: Complete this question by entering your answers in the tabs below. What is the standard direct labor rate per hour? (Round your answers to 2 decimal places.) 3. Huw many yatus or matenal ate tequiled at stalludic pet vackpack: 4. What was the materials price varlance for March if there were no beginning or ending inventories of materials? 5. What is the standard direct labor rate per hour? 6. What was the labor rate variance for March? The labor efficiency varlance? 7. What was the varlable overhead rate variance for March? The variable overhead efficiency variance? 8. Prepare a standard cost card for one backpack. Complete this question by entering your answers in the tabs below. What was the labor rate variance for March? The labor efficiency variance? (Do not round your intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, " U " for untavorable, and "None" for no effect (l.e., zero varlance). Input all amounts as positive values.) 5. Huw thatry yarus ui materfal ate required at stancata per backpack: 4. What was the materials price variance for March if there were no beginning or ending inventories of materials? 5. What is the standard direct labor rate per hour? 6. What was the labor rate variance for March? The labor efficiency variance? 7. What was the variable overhead rate variance for March? The variable overhead efficiency varlance? 8. Prepare a standard cost card for one backpack. Complete this question by entering your answers in the tabs below. What was the variable overhead rate varlance for March? The variable overhead efficiency variance? (Do riot round intermediate calculations. Indicate the effect of each variance by sefecting "F" for favorable, "U" for unfavorable, and "None" for no effect (C.e. zero variance). Input all amounts as positive values.) 3. How thatly yatus on tlidtellal ate tequiteu at standara pet vackpack: 4. What was the materials price variance for March if there were no beginning or ending inventories of materials? 5. What is the standard direct labor rate per hour? 6. What was the labor rate varlance for March? The labor efficlency variance? 7. What was the variable overhead rate variance for March? The variable overhead efficlency variance? 8. 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 antwers to 2 declmal places.) Step by Step Solution
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