Sharp Company manufactures a product for which the following standards have been set Standard antity Standard Price Standard or Hours or Rate Cost Direct materials 3 feet $5 per for $ 15 Direct labor 7 hours per hour During March, the company purchased direct materials at a cost of $52,966, all of which were used in the production of 2.920 units of product. In addition 4,500 direct labor nours were worked on the produc the month. The cost of this labor time was 531.500. The following variances have been computed for the month Material quarta variance Labor spending variance Laboreiciency variance 4350U 13.030 U 5780 Required: 1. For direct materials: a. Compute the actual cost per foot of materials for March 0. Compute the price variance and the spending variance 2. For direct labor 3. Compute the standard direct labor rate per hour b. Compute the standard hours lowed for the month's production Compute the standard hours showed per unit of product Complete this question by entering your answers in the tabs below. Rey 1A He 10 2 Por direct matera, compute the actual cost perfoot of materials for Marin Cound your neer to deal be fool