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 $44,100, all of which were used in the production of 2,350 units of product. In addition, 4,800 direct labor-hours were worked on the product during the month. The cost of this labor time was $40,800. The following variances have been computed for the month:

Materials quantity variance- $1,500U

Labor spending variance- $3,200U

Labor efficiency variance- $800U

Required:

1. For direct materials:

a. Compute the actual cost per foot of materials for March.

b. Compute the price variance and the spending variance.

2. For direct labor:

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.