material Uned 50,550 $6,000 7 570 0 Direct Labor 56,384 7 Variable Hanufacturing Overhead 91,596 12.12 Total standard cout allowed Actual contenere Materiais price variance Materials quantity variance Labor rate variance Labor efficiency variance Variable overhead rate variance Variable overhead stency variance "For the month's production The following additional information is available for March's production: 855 Actual direct labor-hours Difference between standard and actual cont per backpack produced during March $ 0.20 T Required: Hint It may be helpful to complete a general model diagram for direct materials, direct labor, and variable manufacturing overhead before attempting to answer any of the requirements 1. 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? 5. 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. Required 1 Required 2 Required 3 Required 4 Required 5 Required What is the standard cost of a single backpack? (Round your answer to 2 decimal p Standard cost of a single backpack Rerud Required 2 > 1. 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 i 5. 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 efficie 8. Prepare a standard cost card for one backpack. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Required 6 Requ What was the actual cost per backpack produced during March? (Round your answer to 2 dec Actual cost per backpack Complete this question by entering your answers in th Required 1 Required 2 Required 3 Required 4 Ret How many yards of material are required at standard per bach Number of yards per backpack orie a standard cost card for one backpack. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Required 6 Required 7 Required 8 What is the standard direct labor rate per hour? (Round your answers to 2 decimal places.) Standard direct labor rate per hour Required Round 6 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Required 6 Required 7 Required B What was the labor rate variance for March? The labor efficiency variance? (Do not round your intermediate calculations. Indicate the effect of each variance by selecting "F* for favorable, "U" for unfavorable, and "None for no effect (1.e., zero variance). Input all amounts as positive values.) Laborrate variance Labor efficiency variance Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required s Required 6 Required 7 Required 8 Prepare a standard cost card for one backpack. (Round your answers to 2 decimal places.) Standard Quantity or Standard Hours Standard Price or Rate Cost Direct materials $ yards Direct labor hours per hour $ Variable manufacturing overhead hours 2.00 per direct labor-hour Total standard cost 3.00 per yard 1. 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 i 5. 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 efficie 8. Prepare a standard cost card for one backpack. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Required 6 Requ What was the actual cost per backpack produced during March? (Round your answer to 2 dec Actual cost per backpack Complete this question by entering your answers in th Required 1 Required 2 Required 3 Required 4 Ret How many yards of material are required at standard per bach Number of yards per backpack orie a standard cost card for one backpack. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Required 6 Required 7 Required 8 What is the standard direct labor rate per hour? (Round your answers to 2 decimal places.) Standard direct labor rate per hour Required Round 6 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Required 6 Required 7 Required B What was the labor rate variance for March? The labor efficiency variance? (Do not round your intermediate calculations. Indicate the effect of each variance by selecting "F* for favorable, "U" for unfavorable, and "None for no effect (1.e., zero variance). Input all amounts as positive values.) Laborrate variance Labor efficiency variance Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required s Required 6 Required 7 Required 8 Prepare a standard cost card for one backpack. (Round your answers to 2 decimal places.) Standard Quantity or Standard Hours Standard Price or Rate Cost Direct materials $ yards Direct labor hours per hour $ Variable manufacturing overhead hours 2.00 per direct labor-hour Total standard cost 3.00 per yard