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Problem 10-16 Comprehensive variance analysis Highland company produces a lightweight backpack that is popular with college students. Standard variable costs relating to a single backpack

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Problem 10-16 Comprehensive variance analysis Highland company produces a lightweight backpack that is popular with college students. Standard variable costs relating to a single backpack are given below. Standard Standard Standar quantity price d Or hours Or rate cost Direct materials $6 per yard $? Direct labor 2 Variable manufacturing overhead $3 per direct labor hour Total standard cost per backpack $ 2

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