Check my work 3 Sharp Company manufactures a product for which the following standards have been set: Standard Quantity Standard Price Standard or Hours or Rate Cost Direct materials 3 feet 55 per foot $ 15 Direct labor hours ? per hour During March, the company purchased direct materials at a cost of $45 210, all of which were used in the production of 2,500 units of product. In addition, 4500 direct labor-hours were worked on the product during the month The cost of this labor time was $30,750 The following variances have been computed for the month Materials quantity variance Labor spending variance Labor efficiency variance $ 3,60eu $ 2,750 U $ 700 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 hout b. Compute the standard hours allowed for the month's production nyt a compute the standard direct lapor rate per nour b. Compute the standard hours allowed for the month's production c Compute the standard hours allowed per unit of product Complete this question by entering your answers in the tabs below. Req 1A Reg 1B Req2 For direct materials, compute the actual cost per foot of materials for March. (Round your answer to 2 decimal places.) Actual cons per foot Reg 1B > Complete this question by entering your answers in the tabs below. Req 1A Req 18 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 (.e., zero variance). Input all amounts as positive values.) N Price variance Spending variance Complete this question by entering your answers in the tabs below. Reg LA Reg 13 Reg2 2a. For direct labor, compute the standard direct labor rate per hour. (Round your answer to the nearest whole dollar.) 2b. For direct labor, compute the standard hours allowed for the month's production. (Do not round your intermediate value.) 2c. For direct labor, compute the standard hours allowed per unit of product. (Round your answer to 1 decimal place.) unce 20. Standard direct labor rato por hour 2. Standard hours allowed for the months production 20. Standard Bodies allowed per unit of product