10 ter 10 Actual costs 2809 1s price variance s 1590 u Hater

10 ter 10 Actual costs $2,809 1s price variance s 1,590 u Haterials quantity variance Labor ra Labor efficiency variance Difference

Solution

Note:

1. Standard cost of a single backpack:
Particular	Amount
Material	12720
Direct labor	8056
Variable manufacturing overhead	1696
Total standard cost(a)	22472
No.of backpack produced(b)	530
Standard cost of a single backpack=$22472/530	42.4