ment 10- P10-166 Help Save & 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 ondard Pri Cost Direct materials Direct labor $3.00 per yard per direct labor- Variable manufacturing overhead Total standard cost per unit $2 hour $ 2 Overhead is applied to production on the basis of direct labor-hours. During March, 570 backpacks were manufactured and sold Selected information relating to the month's production is given below: Varsabl aterials birect hanarcthirs Used $ 8,550 $1,596 $2,812 $6,384 Total standard cost allowed" Actual costs incurred Materials price variance Materials quantity variance Labor rate variance Labor efficiency variance Variable overhead rate variance Varlable overhead efficiency variance 6,08? s57e u For the month's production Prev 1 of 1ext e to search