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 $5 per foot 515 Direct labor 7 hours 7 per hour During March, the company purchased direct materials at a cost of $43.335, all of which were used in the production of 2425 units of product. In addition 4,000 direct tabor-hours were worked on the product during the month. The cost of this bor time was $28.000 The following variances have been computed for the month: Materials quantity variance Labor spending variance Labor efficiency variance $ 3,750 52,788 $ 780 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 Complete this question by entering your answers in the tabs below. Reg 1A Reg 18 Reg 2 For direct materials, compute the actual cost per foot of materials for Morich. (Hound your set 26 poet Actual per fool