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Sharp Company manufactures a product for which the following standards have been set During March, the company purchased direct materials at a cost of $44,160, all of which were used in the production of 2.350 units of product. In addition, 4,800 direct labor-hours were worked on the product during the month. The cost of this labor time was $36,000. The following variances have been computed for the month: Required: 1. For direct materials: a. Compute the actual cost per foot of materials for March. b. Compute the price varlance and the spending variance. 2. For direct labor: a. Compute the standard direct labor fate per hout. b. Compute the standard hours allowed for the month's production. c. Compute the standard hours allowed per unit of product. Complete this question by entering your answers in the tabs below. Required: 1. For direct matertaks: a. Compute the aclual cost per foot of materlals for March. b. Compute the price variance and the spending variance. 7. For direct lobor: a. Compute the standard direct labor tate per hour. b. Compute the standard hours allowed for the month's production. c. Compate the standard hours allowed per unit of product. Conplete this question by entering your answers in the tabs below. For direct mateilals, compute the actual cost per foot of moterials for March. (Round your answer to 2 docimal places.) Sharp Company munufactures a product for which the following standards have been set: During March, the company purchased direct matertals at a cost of 544.550, all of which were used in the production of 2.350 units of product, In addition, 4.800 direct labor-hours were worked on the product during the month. The cost of this labor time was $36,000. The following variances have been computed tor the month. Required: 1. For direct materials: a. Cornpute the actual cost per foot of materials for March. b. Compate the price variance and the spending vallance. 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. Complete this question by entering your answers in the tabs below

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