please make sure it is right
Sharp Company manufactures a product for which the following standards have been set tandard Price St or Rate Direct materials Direct labor 3 feet ? hours Cost $ 15 $5 per foot ? per hour During March, the company purchased direct materials at a cost of $60,885, all of which were used in the production of 3,500 units of product. In addition, 5,000 direct labor-hours were worked on the product during the month. The cost of this labor time was $42,500 The following variances have been computed for the month: Materials quantity variance Labor spending variance Labor efficiency variance 5 2,850 U 3,300 U $ 800 Uu 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
Prev4 of 4 i Next rch 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. Req 1A Req 1B Req 2 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. (Round your intermediate value to the nearest whole dollar and final answer to the nearest whole number.) 2c. For direct labor, compute the standard hours allowed per unit of product. (Round your answer to 1 decimal place.) Show less 2a. Standard direct labor rate per hour 2b Standard hours 2c Standard hours hours Thous hours per unit Req 1B