Problem 10-11 (Algo) Direct Materials and Direct L [LO10-1, LO10-2] Sharp Company manufactures a product for...

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Problem 10-11 (Algo) Direct Materials and Direct L [LO10-1, LO10-2] Sharp Company manufactures a product for which the following Direct materials Direct labor Standard Quantity Standard Price or Hours 3 feet ? hours or Rate $5 per foot ? per hour During March, the company purchased direct materials at a cost product. In addition, 4,900 direct labor-hours were worked on the The following variances have been computed for the month Materials quantity variance Labor spending variance Labor efficiency variance Required: $ 2,100 U $ 3,500 U $ 1,050 U 1. For direct materials a. Compute the actual cost per foot of materials for March. Problem 10-11 (Algo) Direct Materials and Direct L [LO10-1, LO10-2] Sharp Company manufactures a product for which the following Direct materials Direct labor Standard Quantity Standard Price or Hours 3 feet ? hours or Rate $5 per foot ? per hour During March, the company purchased direct materials at a cost product. In addition, 4,900 direct labor-hours were worked on the The following variances have been computed for the month Materials quantity variance Labor spending variance Labor efficiency variance Required: $ 2,100 U $ 3,500 U $ 1,050 U 1. For direct materials a. Compute the actual cost per foot of materials for March.