Sharp Company manufactures a product for which the following standards have been set:

During March, the company purchased direct materials at a cost of $$52,305,$ all of which were used in the production of $3,000$ units of product. In addition, $4,600$ direct labor$-$hours were worked on the product during the month. The cost of this labor time was $$43,700.$ The following variances have been computed for the month:

Materials quantity variance

Labor spending variance

Labor efficiency variance

Required:

For direct materials:

a$.$ Compute the actual cost per font 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 $1B$

Req$2$

For direct materials, compute the actual cost per foot of materials for March.

Note: Round your answer to $2$ decimal places.

Actual cost

per foot