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

Direct Materials: standard quantity: 3 feet. Standard price: $5 per foot. Standard cost: $15

Direct Labor: standard hours: ? Standard rate: ? Standard cost: ?

During March the company purchased direct materials costing $54,630 all of which were used in production of 2,875 units of product. 4,700 direct labor hours were worked on the product during the month. The cost of labor time was $47,000. The following variances have been computed for the month:

materials quantity variance: $2,400 U

labor spending variance: $3,300 U

labor efficiency variance: $950 U

1) for direct materials

a) compute the actual cost per foot of materials for March

b) compute the price variance and spending variance

2) for direct labor

a) compute the standard direct labor rate per hour

b) compute the standard hours allowed for the months production

c) compute the standard hours allowed per unit of product