What was the actual cost per pound of material?Note: Round your answer to $2$ decimal places.

Quantityor Hours Direct materials Direct labor Variable manufacturing overhead Total standard cost per unit Standard Price $ 6.00 per yard $ 2 per direct or Rate tabor-hour Standard Cost Overhead is applied to production based on direct labor-hours. During March, 400 backpacks were manufactured and sold. Selected information relating to the month's production is given below: Variable Manufacturing birect materials 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 For the month's production. Labor, Used $ 5,040 $ 9,120 $ 5,520 $ 1,920 u Overhead $ 96 $ 2,62 The following additional information is available for March's production: Actuat direct laborhours Difference between standard and actual cost per backpack produced during March 600 $ ao F Required: Hint: It may be helpful to complete a general model diagram (or direct materials, direct labor, and variable manufacturing overhead before attempting to answer any of the requirements t. What is the standard cost of a single backpack? 2. What was the actual cost per backpack produced during March? 3. How many yards of material are required at standard per backpack? 4. What was the materials price variance for March if there were no beginning or ending inventories of materials? S. 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. Complete this question by entering your answers in the tabs below. Required 1 j Required 2 , Required 3 . j Required 4 Prepare a standard cost card for one backpack. Note: Round your answers to 2 decimal places. Standard Quantity or Hours Required 6 Required 5 Standard Price or Rate 6.00 per yard per hour 2.00 per direct labor-hour Required 7 Required 8 Direct materials Direct labor Variable manufacturing overhead Total standard cost yards hours hours Required 7 Stan ard Cost 0.00