Sharp Company manufactures a product for which the following standards have been set: During March, the company purchased direct materials at a cost of $55, 650, all of which were used in the production of 3, 200 units of product. In addition, 4, 900 hours of direct labor time were worked on the product during the month. The cost of this labor time was $36, 750. The following variances have been computed for the month: Required For direct materials: Compute the actual cost per foot for materials for March. (Round your answer to 2 decimal places.) Actual cost _________ per foot Compute the price variance and the spending variance. (Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance)) For direct labor: Compute the standard direct labor rate per hour. Standard direct labor rate per hour ____________ Compute the standard hours allowed for the month's production hours Standard hours ___________ hours Compute the standard hours allowed per unit of product. (Round your answer to 1 decimal place.) Standard hours __________ hours per unit