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 $57,090, all of which were used in the production of 3,400 units of product. In addition, 5,200 direct labor-hours were worked on the product during the month. The cost of this labor time was $54,600. The following variances have been computed for the month:

Materials quantity variance	$	900	U
Labor spending variance	$	3,600	U
Labor efficiency variance	$	1,000	U

Required:

1. For direct materials:

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

Actual cost

per foot

b. Compute the price variance and the spending variance.

Price variance
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.

2a.	Standard direct labor rate per hour
2b.	Standard hours allowed for the months production
2c.	Standard hours allowed per unit of product

c. Compute the standard hours allowed per unit of product.