only 5,6,7&8 please

Highland Company produces a lightweight backpack that is popular with college students. Standard varlable costs relating to a single backpack are given below: Standard Quantity or Hours Standard Price Standard or Rate $6.00 per yard Cost Direct materials Direct labor Variable manufacturing overhead 2 per direct labor-hour Total standard cost per unit Overhead is applied to production on the basis of direct labor-hours. During March, 760 backpacks were manufactured and sold. Selected information relating to the month's production is given below: Variable Manufacturing Overhead Materials Used $ 18,240 $ 17,125 Direct Labor $15,808 $2,432 $4,345 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 variance $ 2,310 U *For the month's production. The following additional information is available for March's production: 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 varlable overhead rate variance for March? The variable overhead efficiency variance? 8. Prepare a standard cost card for one backpack. eBook References Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Required 6 Required 7 Required 8 What is the standard direct labor rate per hour? (Round your answer to 2 decimal places.) Standard direct labor rate per hour 1.60 ( Required 4 Required 6> Direct Labor $15,808 Materials Used $ 18,240 $ 17,125 Total standard cost allowed* Actual costs incurred Materials price variance Materials quantity variance $ 2,310 U Labor rate variance Labor efficiency variance Variable overhead rate variance Variable overhead efficiency variance "For the month's production. The following additional information is available for March's production: 1,140 Actual direct labor-hours Difference between standard and actual cost per backpack produced during March $ 0.10 F Required: Hint: It may be helpful to complete a general model diagram for direct materials before attempting to answer any of the requirements