Hw 10: answer req 1-2

Served Help 1 7 points Sharp Company manufactures a product for which the following standards have been set: Standard Quantity Standard Price or Standard or Hours Rate Cost Direct materials 3 feet $5 per foot S 15 Direct labor ? hours 7 per hour During March, the company purchased direct materials at a cost of $57,090, all of which were used in the production of 3,400 units of product. In addition, 5,200 direct labor-hours were worked on the product during the month. The cost of this labor time was $54,600. The following variances have been computed for the month: eBook Materials quantity variance Labor spending variance Labor efficiency variance $ 900 U $ 3,600 U $ 1,00 u Hint Print Required: 1. For direct materials: a. Compute the actual cost per foot of materials for March b. Compute the price variance and the spending variance. 2. For direct labor: a. Compute the standard direct labor rate per hour. b. Compute the standard hours allowed for the month's production c. Compute the standard hours allowed per unit of product . References Complete this question by entering your answers in the tabs below. Reg 2 Req1A Req 18 For direct materials, compute the actual cost per foot of materials for March. (Round your answer to 2 decimal places.)