Sharp Company manufactures a product for which the following standards have been set: During March, the company purchased direct materials at a cast of $52,965, all of which were used in the production of 2,920 units of product. In addition, 4,500 direct labor-hours were worked on the product during the month. The cost of this labor time was $31,500. The following variances have been computed for the month: 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 hout. 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. For direct materials, compute the actual cost per foot of materials for March. (Round your answer to 2 decimal places.) For direct materials, compute the price variance and the spending variance. (Do not round in the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for Input all amounts as positive values.) 2a. For direct labor, compute the standard direct labor rate per hour. (Round your ans 2 b. For direct labor, compute the standard hours allowed for the month's production. 2c. For direct labor, compute the standard hours allowed per unit of product. (Round