Sharp Company manufactures a product for which the following standards have been set: Standard Quantity or Hours 3 feet 7 hours Direct materials Direct labor Standard Price or Hate $5 per foot ? per hour Standard Cost $ 15 ? During March, the company purchased direct materials at a cost of $43,335, all of which were used in the production of 2,425 units of product. In addition, 4.000 direct labor-hours were worked on the product during the month. The cost of this labor time was $28.000. The following variances have been computed for the month: Materials quantity variance Labor spending variance Labor efficiency variance $ 3,750 U $ 2,780 W $ 780 U Required: 1. For direct materials: a. Compute the actual cost per foot of materials for March b. Compute the price variance and the spending varlance. 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. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Reg 1A Reg 1B Reg 2 2a. For direct labor, compute the standard direct labor rate per hour. (Round your answer to the nearest whole dollar.) 2b. For direct labor, compute the standard hours allowed for the month's production. (Do not round your intermediate value.) 2c. For direct labor, compute the standard hours allowed per unit of product. (Round your answer to 1 decimal place.) Show less 2a 2b 2c Standard direct labor rate per hour Standard hours allowed for the month's production Standard hours allowed per unit of product s 6 X 3,876 X 0.6 X