07 5 Sharp Company manufactures a product for which the following standards have been set Standard Quantity Standard Price Standard or Hours or Rate Cost Direct materias 3 feet 35 per foot 315 Direct Tabor 7 hours 7 per hour > 25 posts Skod During March the company purchased direct materials at a cost of $49170, all of which were used in the production of 2.750 units of product. In addition 4.500 direct labor hours were worked on the product during the month. The cost of this bor time was $35,000. The following variances have been computed for the month Tips| Materials cantity variance Later spending variance Labor etticiency variance $3,450 u $ 3.000 5750 Required: 1. For direct materials a Compute the actual cost per foot of materials for March Compute the price variance and the spending variance 2. For direct labor a Compute the standard direct laborate per hout Compute the standard hours allowed for the month's production Compute the standard hours allowed per unit of product Complete this question by entering your answers in the tabe below GIA RA 5 Labor efficiency variance $ VW 750 W 5 ints Skipped 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. BOOK Complete this question by entering your answers in the tabs below. Print Res IA Reg 15 Reg 2 For direct materials, compute the actual cost per foot of materials for March. (Round your answer to 2 decimal places) per foot Reg 10 > apped 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. Book Complete this question by entering your answers in the tabs below. Reg 1A Reg 1B Reg 2 For direct materials, compute the price variance and the spending variance. (Do not round Intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None for no effect (le, zero variance), Input all amounts as positive values.) Price variance Spending variance