Sharp Company manufactures a product with the following standards have been set:

During March, the company purchased direct materials for $$111,300,$ all of which were used in the production of $3,200$ units. In addition, $4,900$ direct labor$-$hours were worked on the product during the month. The cost of this labor time was $$95,550.$ The following variances have been computed for the month:

Materials quantity variance

Labor spending variance

Labor efficiency variance

$$4,400U$

$$450F$

$$2,000U$

Required:

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.

Required $1A$

Required $1B$

For direct materials, compute the actual cost per foot of materials for March.

Note: Round your answer to $2$ decimal places.

Actual cost

per foot