PLEASE ANSWER EACH QUESTION CORRECTLY! IF SO, I WILL LEAVE AN UPVOTE!
What was the variable overhead rate variance for March? The variable overhead efficiency variance? Note: Do not round intermediate caicutations. Indicate the effect of each varfance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (I.e., zero variance). Input all amounts as positive values. Highland Company produces a lightweight backpack popular with college students. Standard variable costs relating to a single backpack are given below: Overhead is applied to production based on direct labor-hours. During March, 530 backpacks were manufactured and sold, Selected information relating to the month's production is given below: 'For the month's production. The foltowing additonal information is avaliable for March'swroduction: Actual direct Iabor-hours Difference betues atandard and actual cost per backpack produced during Harch 795 4. ara Requifed: abswer any of the requirements Complete this question by entering your answers in the tabs below. What was the labor rate varlance for March? The labor efficiency variance? Note: Do not round your intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (l.e., zero variance). Input all amounts as positive values. 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. 1. What is the standard cost of a single backpack? 2. What was the actual cost per bockpack produced during March? 3. How many yards of material are required ot standard per backpack? 4. What was the moterials price variance for March if there were no beginning or ending inventories of materials? 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 varlance for March? The variable overhead efficiency variance? 8. Prepare a standard cost card for one backpock. Complete this question by entering your answers in the tabs below. What is the standard cost of a single backpack? Note: Round your answer to 2 decimal places. tequired: inswer any of the requirements. 1. What is the standard cost of a single bockpack? 2. What was the actual cost per bockpack produceci during March? 3. How many yards of mumerial are reguired at whandard per bachpack? 4. What wos the matertaks price varlance for March if there were no beginning or ending inventorles of inaterialis? 8. What is the standid direct labor rate per houn? 6. What was the lobor tate variance for March? The iabor efficiency vartance? 7. What was the varable ovethead rate variance for March? The vartable overtiead efficiency variance? 8. Prepare a standard cost card for one backpack. 3. How many yards of material are required at standard per backpack? 4. What was the materiais price variance for March if there were no beginning or ending inventories of materlais? 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 varlance for March? The variable overhead efficlency varlance? 8. Prepare a standard cost card for one backpack. Complete this question by entering your answers in the tabs below. Prepare a standard cost card for one backpack. Note: Round your answers to 2 decimal places. What was the variable overhead rate variance for March? The variable overhead efficiency variance? Note: Do not round intermediate caicutations. Indicate the effect of each varfance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (I.e., zero variance). Input all amounts as positive values. Highland Company produces a lightweight backpack popular with college students. Standard variable costs relating to a single backpack are given below: Overhead is applied to production based on direct labor-hours. During March, 530 backpacks were manufactured and sold, Selected information relating to the month's production is given below: 'For the month's production. The foltowing additonal information is avaliable for March'swroduction: Actual direct Iabor-hours Difference betues atandard and actual cost per backpack produced during Harch 795 4. ara Requifed: abswer any of the requirements Complete this question by entering your answers in the tabs below. What was the labor rate varlance for March? The labor efficiency variance? Note: Do not round your intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (l.e., zero variance). Input all amounts as positive values. 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. 1. What is the standard cost of a single backpack? 2. What was the actual cost per bockpack produced during March? 3. How many yards of material are required ot standard per backpack? 4. What was the moterials price variance for March if there were no beginning or ending inventories of materials? 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 varlance for March? The variable overhead efficiency variance? 8. Prepare a standard cost card for one backpock. Complete this question by entering your answers in the tabs below. What is the standard cost of a single backpack? Note: Round your answer to 2 decimal places. tequired: inswer any of the requirements. 1. What is the standard cost of a single bockpack? 2. What was the actual cost per bockpack produceci during March? 3. How many yards of mumerial are reguired at whandard per bachpack? 4. What wos the matertaks price varlance for March if there were no beginning or ending inventorles of inaterialis? 8. What is the standid direct labor rate per houn? 6. What was the lobor tate variance for March? The iabor efficiency vartance? 7. What was the varable ovethead rate variance for March? The vartable overtiead efficiency variance? 8. Prepare a standard cost card for one backpack. 3. How many yards of material are required at standard per backpack? 4. What was the materiais price variance for March if there were no beginning or ending inventories of materlais? 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 varlance for March? The variable overhead efficlency varlance? 8. Prepare a standard cost card for one backpack. Complete this question by entering your answers in the tabs below. Prepare a standard cost card for one backpack. Note: Round your answers to 2 decimal places
