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Sharp Company manufactures a product with the following standards: During March, the company purchased direct materials for $ 5 9 , 0 4 0 ,

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Sharp Company manufactures a product with the following standards:
During March, the company purchased direct materials for $59,040, all of which were used in the production of 3,000 units. In addition, 4,600 direct labor-hours were worked on the product during the month. The cost of this labor time was $34,500. The following variances have been computed for the month:
Required:
1.For direct materials:
Required 1A
1a. Compute the actual cost per foot of materials for March. Note: Round your answer to 2 decimal places.
Required 1B
1b. For direct materials, Compute the price variance and spending variance. Note: Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.
Required 2:
2a.For direct labor, Compute the standard direct labor rate per hour. Note: Round your answer to the nearest whole dollar.
2b. For direct labor, Compute the standard hours allowed for the month's production. Note: Do not round your intermediate value.
2c.For direct labor, Compute the standard hours allowed per unit of product. Note: Round your answer to 1 decimal place.
If this problem becomes confusing, please try to refer to the screenshot, even though I am unable to upload multiple photos on one question. Thank you so much! If correct, I will 100 percent give a thumbs up! :)
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