Sharp Company manufactures a product for which the following standards have been set: Req $1A$

Req $2$

$2$a$.$ For direct labor, compute the standard direct labor rate per hour. $($Round your answer to the nearest whole dollar.$)$

$2$b$.$ For direct labor, compute the standard hours allowed for the month's production. $($Do not round your intermediate

calculations. Round your final answer to the nearest whole number.$)$

$2$c$.$ For direct labor, compute the standard hours allowed per unit of product. $($Round your answer to $1$ decimal place.$)$

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$2$a$.$ Standard direct labor rate per hour

$2$b$.$ Standard hours allowed for the month's production

$2$c$.$ Standard hours allowed per unit of product

During March, the company purchased direct materials at a cost of $$54,615,$ all of which were used in the production of $3,050$ units of

product. In addition, $5,000$ direct labor$-$hours were worked on the product during the month. The cost of this labor time was $$30,000.$

The following variances have been computed for the month:

Required:

For direct materials:

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

b$.$ Compute the price variance and the spending variance.

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.

Complete this question by entering your answers in the tabs below.

Req $1A$

Req $1$B

For direct materials, compute the price variance and the spending variance. $($Do not round intermediate calculations. Indicate

the effect of each variance by selecting $"$F$"$ for favorable, $"$U$"$ for unfavorable, and "None" for no effect $($i$.$e$.,$ zero variance$).$

Input all amounts as positive values.$)$