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 $45,180, all of which were used in the production of 2,290 units of product. In addition, 4,700 direct labor-hours were worked on the product during the month. The cost of this labor time was $32,900. The following variances have been computed for the month:

Materials quantity variance $ 3,300 U

Labor spending variance $ 3,130 U

Labor efficiency variance $ 780 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 months production. c. Compute the standard hours allowed per unit of product.