uden College roduces DOPU ngle backpack are given below able COS Standard Quantity Standard Price Standard or Rate Cost or Hours $6.00 per yard Direct materials Direct labor $2 per direct Variable manufacturing overhead labor-hour Total standard cost overhead is applied to production on the basis of directlabor-hours During March, 480 backpacks were manufactured and sold. Selected information relating to the month's production is given below. Variable Manufacturing Direct Labor overhead Materials Used $4,896 $1,152 Total standard cost allowed' $12,672 $11,210 Actual costs incurred Materials price variance $780 U Materials quantity variance Labor rate variance Labor efficiency variance Variable overhead rate variance Variable overhead efficiency variance "For the month's production. The following additional information is available for March's production. 720 Actual direct labor-hours $2.00 Standard overhead rate per direct labor-hour Difference between standard and actual cost per backpack produced during F March $0.15 Required: 1. What is the standard cost of a single backpack? Standard cost for March production. Materials Direct labor Variable manufacturing overhead S Total standard cost Number of backpacks produced Standard cost of a single backpack