Sharp Compeny manufactures a product for which the following standards have been set: During March, the compary purchased direct materials at a cost of $64,440, all of which were used in the production of 3,500 units of product. In addition, 5,000 direct labor-hours were worked on the product during the month. The cost of this tabor time was $47,500. The following variances have been computed for the month: Required: 1. For direct materiais: a. Compute the actual cost per foot of materials for March b. Compute the price variance and the spending variance. 2. For direct iobor: a. Compute the standard direct iabor 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. 2a. For direct labor, compute the standard direct labor rate per hour. (Round your onswer to the nearest whole doltar) Requlred: 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 labor rate per hour. b. Compue the standard hours allowed for the month's production. c. Compurt 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 cost per foot of materials for March. (Round your answer to 2 decimal places.) 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 ( 1 . e, zero variance). input all amounts as positive values.) 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 answars in the tabs below. 2a. For direct labor, compute the standard direct labor rate per hour. (Round your answer to the nearest whole dollar) 2b. For direct labor, compute the standard hours allowed for the month's production. (Do not round your intermediate calculations. Round your final answer to the nearest whole number) 2c. For direct labor, compute the standard hours allowed per unit of product. (Round vour answer to 1 decimal place.) Show lest A
