Highland Company produces a lightweight beckpack popular with college students. Standerd variable costs relating to $$ single

bsckpock ore given below:

Overhesd is spplied to production bssed on direct labor$-$hours. During March, $400$ bsckpacks were manufsctured snd sold. Selected

information relating to the month's production is given below:

$*$For the month's production.

The following additional information is avsilable for March's production:

Actual direct labor$-$hours

Difference between standard and actual cost per backpack

produced during March

Geg

$$0\mathrm{.}2=$

Required:

Hint: It may be helpful to complete a genersl model disgram for direct materials, direct labor, and varisble manufacturing overhesd

before attempting to answer any of the requirements.

What is the standord cost of a single bockpock?

$2$ What was the actusl cost per bockpack produced during March?

How many yords of materisl are required at stendord per backpock?

What wos the msterisls price vorisnce for Morch if there were no beginning or ending inventories of moterisis?

What is the standord direct labor rate per hour?

What was the labor rate variance for March? The labor efficiency variance?

What was the variable overhesd rate variance for March? The variable overhesd efficiency veriance?

Prepare a standard cost card for one bockpock.

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.