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Sharp Company manufactures a product for which the following standards have been set: Standard Quantity or Hours Standard Price or Rate Standard Cost Direct materials

Sharp Company manufactures a product for which the following standards have been set:

Standard Quantity or Hours Standard Price or Rate Standard Cost
Direct materials 3 feet $ 5 per foot $ 15
Direct labor ? hours ? per hour ?

During March, the company purchased direct materials at a cost of $54,615, all of which were used in the production of 3,050 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 $30,000. The following variances have been computed for the month:

Materials quantity variance $ 3,900 U
Labor spending variance $ 5,600 U
Labor efficiency variance $ 600 U

Required:

2a. For direct labor, compute the standard direct labor rate per hour. Note: Round your answer to the nearest whole dollar. 2b. For direct labor, compute the standard hours allowed for the months production. Note: Do not round your intermediate value. 2c. For direct labor, compute the standard hours allowed per unit of product. Note: Round your answer to 1 decimal place.

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