****ONLY NEED ANSWERS FOR NUMBER 6, 7 and 8. All other answers are correct

x C Chegg study Guided solution.. Question 4 of 6) 500 points Highland Company produces a lightweight backpack that is popular with college students. Standard variable costs relating to a single backpack 5.00 per yard Variable manufacturing overhead $2 per direct labor hour Total standard cost overhead is applied to producton on the basis of diect labor hours. During March, 770 backpacks were manufactured and sold. Selected information relating to the month's production is given below: Total standard cost allowed $18,480 516.016 $2,464 Actual costs incurred $16,000 $3,460 Materials quantity variance 720 U Labor rate variance Labor efficiency variance Variable overhead rate variance Variable overhead efficiency variance "For the month's production The following addtonal information is available for March's production Actual direct labor hours Standard overhead rate per direct labor-hour $2.00 Diterence between standard and actual cost per backpack produced during March $0.10 F Required 1. What is the standard cost of a single backpack? Standard cost for March production 18480 Direct labor 16.016