Amazon Sharp company manueactures a product or which be obowing standards have been set $5 per foot 15 3 feet Dred matenta per hour hours. Direct labor During March, the company purchased direct matertalB at a cost or S45.18D, all or which were used In the production or 2.290 units of product. In add Mon, 4.700 hours of direct labor ume were worked on the product during the month. The cost or thls labor tme was $32.900. The following vartances have been computed the month: $3,300 U Materials quantity variance $3,130 U Labor spending variance Labor efficiency variance 780 U Required: 1. For direct matertals: a. Compute the actual cost per foot for materials for March. (Round your anBwerto 2 declmal places.) al cob per foot b Compute the price vartance and the spending varianoe (Do not round Intermedlate calculatione. Indicate the effect or each variance by Belecting "FT ror favorable, "U" for unfavorable, and "None" for no effect (l.a., zero variance) Price variance Spending rarlance