Sharp Company manufactures a product for which the following standards havo hean set: vuring March, the company purchased direct materials at a cost of $57.510, all of which were used in the production of 3,125 units of product. In addition, 5,100 direct labor-hours were worked on the product during the month. The cost of this labor time was $51,000. The following variances have been computed for the month: Required: 1. For direct materials a. Compute the actual cost per foot of materiais for March. b. Compute the price variance and the spending variance. 2. For direct labor: a. Compute the standard direct habor rate per hour. b. Compute the standard hours allowed far 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 cast per foot of materiols for March. (Round your answer to 2 decima places.) vuring marcr, the company purcrlased orrect materiais at a cost of $91,010, all or wricri were used in une proouction or s,i$51,000. 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 lobor: 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. 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 (h.e. zero variance). Input al amounts as positive values.) 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 month's production. c. Compute the standard hours allowed per unit of product. Complete this question by entering your answers in the tabs below. 2. For direct laber, compute the standard direct labor rate per hour. (Rpund your answar to the nearest whole dollar): 2b. For direct labor, compute the standard hours allowed for the month's production. (Oo not round your intermediate value.) 2c. For direct labor, compute the standard hours allowed per unit of product. (Round your answor to 1 decimat place.)