Note: I$\text{'}$d love help with all the questions just to confirm my work but I NEED help with $7$ and $8,$ I am not sure how to do them.

Highland Compary produces a lightweight backpack that is popular with college students. Standard variable costs relating to a single

backpack are given below:

Owerhead is applied to production on the basis of direct labor$-$hours. During March, $490$ backpacks were manufactured and sold.

Selected information relating to the month's production is given below:

'For the month's production.

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

Actual direct labor$-$hours

Difference between standard and actual cost per

backpack preduced during March

$735$

$$8\mathrm{.}20F$

Required:

$($Hint: it may be helpful to complete a general model diagram for direct materials, direct labor, and variable manufacturing overhead

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

What is the standard coat 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 materials peice variance for March if there were no beginning or ending imventories of materials?

What is the standard direct labor rate per hour?

What was the labor rate variance for March? The laber efficiency variance?

What was the variable overhead rate variance for March? The variable overhead efficiency variance?

Prepare a standard cost card for one backpock.

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