Question: Problem 1 0 - 1 6 ( Algo ) Comprehensive Variance Analysis [ LO 1 0 - 1 , LO 1 0 - 2 ,

Problem 10-16(Algo) Comprehensive Variance Analysis [LO10-1, LO10-2, LO10-3]
Highland Compary produces a lightweight backpack that is popular with colege studerts. Sandard variable costs relisting to a single backpack are given below
\table[[,\table[[Standard],[],[Quantity]],],[,or Hours,]] Standard Price or Rate Standard Cost
Overhead is applied to production on the basis of direct iabor-hours. During Manch, 530 backpacks were manulectirec and sold. Selected information relating to the monet's production is given belowc
\table[[,Materials Used,Direct Labor,Variable Manufacturing Overthead],[Total standard cost allowede,59,548,5,936,$ 1,484],[Actual costs incurred Materials price variance,$ 8,645,7,$ 1,69e],[Materials quantity variance,$ 1,575 u,,],[Labor rate variance,,?,],[Labor efficiency variance,,?,],[Variable overhead rate variance,? ?],[Variable overhead efficiency,variance,,?
Problem 1 0 - 1 6 ( Algo ) Comprehensive Variance

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