omework- Chapter 10 Saved Help Save & Exit Submit Check my work 3 Sharp Company manufactures a product for which the following standards have been set: Standard Quantity Standard price Standard or Hours or Rate Cont 3 feet 55 per foot $ 15 7 hours 7. per hour 2 Direct materials Direct labor onts Book During March, the company purchased direct materials at a cost of $52,305, all of which were used in the production of 3,000 units or product. In addition, 4,600 direct labor-hours were worked on the product during the month. The cost of this labor time was $43,700. The following variances have been computed for the month Hint Materials quantity variance Labor spending variance Labor ettetency variance $ 2,550 0 $ 3,200 U 9000 Print References 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 cCompute the standard hours allowed per unit of product Complete this question by entering your answers in the tabs below. Req1A Red 18 Reg 2 For direct materials, compute the actual cost per foot of materials for March (Round your answer to 2 decimal places) Actual cost per foot TA Reg 18 >