Al-Shabad Company produces a single product. The company has set the following standards for materials and labor. Direct materials Direct labor Standard quantity or Standard price hours per unit or rate ? pounds per unit $? per pound 3.0 hours per unit $10 per hour During the past month, the company purchased 7,000 pounds of direct materials at a cost of $17500. All of this material was used in the production of 1,300 units of product. Direct labor cost totaled $36,750 for the month The following variances have been computed: $1,375 U Materials quantity variance Total materials variance Labor efficiency variance Required: 1. For direct materials: $375 F $4.000 F a. Compute the standard quantity allowed for materials for the month's production. 2. For direct labor: a. Compute the labor rate variance. DocBook Pro