Sarasota Company's labor data for making one pound ofnished product are as follows: [1] Pricehourly wage rate $12.50. payroll taxes $3.30, and employee benets $2.70. [2} Quantityactual production time 2.6 hours. rest periods and clean up 0.23 hoursand setup and downtime 0.17 hours. Compute the following. [Round answers to 2 decimal places, 8.3. 52. 75.] {a} Standard direct labor rate per hour (b) Standard direct labor hours per pound {c} Standard cost per pound During March, Sarasota, Inc. purchases and uses 10300 pounds of materials costing $42230 to make 4700 tiles. Sarasota's standard material cost per tile is $310 (2 pounds of material x $4.03 Compute the total, price, and quantity.r material variances for Sarasota: Inc. for March. Identity whether each variance is favorable or unfavorable. Total Materials Variance Materials Price Variance Materials QLIantityVariance