Sharp Company manufactures a product for which the following standards have been set: During March, the company purchased direct materials at a cost of $45, 180, at of which were used in the production of 2, 290 units of production, in addition, 4, 700 hours of direct labor time were worked on the product during the month. The cost of this labor time was $32, 900. The following variances have been computed for the month: Required: For the direct material: Compute the actual cost per foot for materials for March(Round your answer to 2 decimal places.) Compute the price variance and the spending variance.(Do not round intermediate calculations. Indicate the effect of each variances by selecting "f" for favorable, "U" for unfavorable, and "None" for no effect(i.e., zero variance)) Compute the variance direct labor rate per hour. (Do not round intermediate calculation, Round your final answer to decimal places.)