Sharp Company manufactures a product for which the following standards have been set: During March, the company purchased direct matetals at a cost of $111,300, all of which were used in the production of 3,200 units of product. In addition, 4.900 direct labor-hours were worked on the product during the month. The cost of this labor time was $95,550. The following variances have been computed for the month: Required: 1. For direct materials: a. Compute the actual cost per foot of materials for March. b. Compute the price varlance and the spending variance. 2. For direct fabor: a. Compute the standard direct labor rate per hour. b. Compute the standard hours allowed for the month's production. c. Compute the standard hours allowed per unit of product