Chegg Expert, please help with the following. Thanks in advance

Sharp Company manufactures a product for which the following standards have been set: Standard Quantity or Hours 3 feet ? hours Direct materials Direct labor Standard Price Standard or Rate Cost $5 per foot $15 ? per hour ? During March, the company purchased direct materials at a cost of $55,650, all of which were used in the production of 3,200 units of product. In addition, 4,900 hours of direct labor time were worked on the product during the month. The cost of this labor time was $36,750. The following variances have been computed for the month: Materials quantity variance Labor spending variance Labor efficiency variance $4,500U $ 1,650 F $ 800U Required: 1. For direct materials: a. Compute the actual cost per foot for materials for March. (Round your answer to 2 decimal places.) Answer is complete but not entirely correct. Actual cost $ 5.53 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 (.e., zero variance)) Answer is complete but not entirely correct. Price variance Spending variance $ 5,565 U $ 8,250 U 2 For direct labor a Compute the standard direct labor rate per hour. Answer is complete and correct. Standard direct labor rate per hour $ 8 b. Compute the standard hours allowed for the month's production Answer is complete but not entirely correct. Standard hours 4,980 hours c. Compute the standard hours allowed per unit of product (Round your answer to 1 decimal place.) Answer is complete and correct. Standard hours 1.5 hours per unit