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	?question mark	hours	?question mark	per hour	?question mark

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:

For direct materials:

1. Compute the actual cost per foot of materials for March.
2. Compute the price variance and the spending variance.

For direct labor:

1. Compute the standard direct labor rate per hour.
2. Compute the standard hours allowed for the months production.
3. Compute the standard hours allowed per unit of product.