Chapter $10(2)$ i

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Problem $10-16($Algo$)$ Comprehensive Variance Analysis $[$LO$10-1,$ L$010-2,$ LO$10-3]$

$10$ points

Highland Company produces a lightweight backpack popular with college students. Standard variable costs relating to a single backpack are given below:

$\backslash$table$[[,\backslash$table$[[$Standard$],[$Quantity or$],[$Hours$]],$Standard Price or Rate,Standard Cost$],[$Direct materials,?,$$6\mathrm{.}00$ per yard,$$?$