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2. For direct labor: a. Compute the standard direct labor rate per hour. Standard direct labor rate per hour b. Compute the standard hours allowed
2. For direct labor: a. Compute the standard direct labor rate per hour. Standard direct labor rate per hour b. Compute the standard hours allowed for the month?s production. Standard hours c. Compute the standard hours allowed per unit of product. (Round your answer to I decimal place.) Standard hours per unit Required: 1. For direct materials: a. Compute the actual cost per foot for materials for March. (Round your answer to 2 decimal places.) Actual cost per foot b. 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 (i.e., zero variance)) Price variance Spending variance
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