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Check my work 2 Sharp Company manufactures a product for which the following standards have been set Quantity Standard Price Cost feet hours $5 per
Check my work 2 Sharp Company manufactures a product for which the following standards have been set Quantity Standard Price Cost feet hours $5 per foot 15 points Direet labor 2per hour During March, the company purchased direct materials at a cost of $45,375, 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 $50,400 The following variances have been computed for the month: eBook Matersals quantity variance Labor spending variance Labor effieLency variance 2,250 3,400 1,000 U 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
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