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Only need help with questions 6, 7 and 8. Standard Quantity or Hours Direct materials Direct labor Standard Price or Rate $4.50 per yard Standard

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Only need help with questions 6, 7 and 8.

Standard Quantity or Hours Direct materials Direct labor Standard Price or Rate $4.50 per yard Standard Cost $ ? Variable manufacturing overhead Total standard cost per unit per direct labor- 2 hour $ Overhead is applied to production on the basis of direct labor-hours. During March, 530 backpacks were manufactured and sold. Selected information relating to the month's production is given below: Materials Used $ 9,540 $ 8,645 Direct Labor $5,936 Variable Manufacturing Overhead $1,484 $1,690 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 $ 1,575 U *For the month's production. The following additional information is available for March's production: Actual direct labor-hours Difference between standard and actual cost per backpack produced during March 795 A2 F WICH Deyhiy Ul elluny inventores of 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 variable overhead rate variance for March? The variable overhead efficiency variance? 8. Prepare a standard cost card for one backpack

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