please solve this 8 requirement for me, thanks!

Problem 10-16 Comprehensive Variance Analysis (LO10-1, LO10-2, LO10-3) Highland Company produces a lightweight backpack that is popular with college students. Standard variable costs relating to a single backpack are given below: Standard Quantity Standard Price Standard or Hours or Rate Cost Direct materials Direct labor $6.00 per yard $ 2 per direct 2 labor-hour es Variable manufacturing overhead Total standard cost per unit Overhead is applied to production on the basis of direct labor-hours. During March, 400 backpacks were manufactured and sold. Selected information relating to the month's production is given below: Variable Materials Direct Manufacturing overhead Used Labor 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 9,120 $ 5,520 $5,040 960 $2,620 $ 1,920 U For the month's production. The following additional information is available for March's production: 2 of 4 Prev Next>