Overhead is applied to production based on direct labor$-$hours. During March, $1,000$ backpacks were manufactured and sold. Selected information relating to the month's production is given below:

$*$For the month's production.

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

$```$

Actual direct labor$-$hours

Difference between standard and actual cost per

backpack produced during March

$1,500$

$ $0\mathrm{.}15$ F

$```$

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.