Sharp Company manufactures a product with the following standards:

	Standard Quantity or Hours		Standard Price or Rate		Standard Cost
Direct materials	3	feet	$ 5	per foot	$ 15
Direct labor	?	hours	?	per hour	?

During March, the company purchased direct materials for $54,630, all of which were used in the production of 2,875 units. In addition, 4,700 direct labor-hours were worked on the product during the month. The cost of this labor time was $47,000. The following variances have been computed for the month:

Materials quantity variance	$ 2,400	U
Labor spending variance	$ 3,300	U
Labor efficiency variance	$ 950	U

Required:

1. For direct materials:
2. • Compute the actual cost per foot of materials for March.
   • Compute the price variance and the spending variance.
3. For direct labor:
4. • Compute the standard direct labor rate per hour.
   • Compute the standard hours allowed for the months production.
   • Compute the standard hours allowed per unit of product.