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 $ $1,500$ U

Labor spending variance $ $3,200$

U

Labor efficiency variance $ $800$

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 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.