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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

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 hours

Direct labor ? ? per hour ?

During March, the company purchased direct materials at a cost of $54,285, all of which were used in the production of 3,200 units of product. In addition, 4,900 hours of direct labor time were worked on the product during the month. The cost of this labor time was $44,100. The following variances have been computed for the month:

Materials quantity variance $ 1,350 U

Labor spending variance $ 3,300 U

Labor efficiency variance $ 850 U

1. For direct labor:

a. Compute the standard direct labor rate per hour. (Do not round intermediate calculations.)

b. Compute the standard hours allowed for the months production. c. Compute the standard hours allowed per unit of product. (Round your answer to 1

c. Compute the standard hours allowed per unit of product. (round you answer to 1 decimal place.)

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