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Just need help on the last four, #5-8. Please and thank you Highland Company produces a lightweight backpack that is popular with college students. Standard

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedJust need help on the last four, #5-8. Please and thank you

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 S5.10 per yard Standard Cost Direct materials 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, 720 backpacks were manufactured and sold. Selected information relating to the month's production is given below: Variable Manufacturing Overhead $2,304 $2,722 Materials Used Direct Labor $13,248 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 varian $14,688 $12,218 $510U

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