please do requirement 7

Check my work 9 Highland Company produces a lightweight backpack that is popular with college students. Standard variable costs relating to a single backpack are given below: 11.12 points Standard Quantity or Hours Standard Price or Rate Standard Cost Direct materials Direct labor $4.00 per yard per direct $ 2 labor-hour eBook Variable manufacturing overhead Total standard cost per unit Print References Overhead 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: Variable Materials Used $ 8,820 7,035 Direct Manufacturing Labor $5,586 Overhead $1,176 $1,249 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 $ 560U For the month's production