Sharp Conpany manufactures a product for which the followerg standards have been set Ouring Mach, the compary purchased direct inaterials at a cost of 545,240 , at of which were used in the production of 2,590 units of product in addstion, 4,500 difect istor hours were worked on the product durng the month. The cost of this iabor time wss $31,500. The folicwing variances hwe been compubed for the mocth. Mequired: 1. For derect materivis a. Compute the actual cont per foot of maserials for March. b. Comoule the price variance and the spending varance 2. For deect labor a. Compute the standard drect labor rate per hour. b. Compcle the standard nours afiewed for the month's production. e Compute the Mandard hours allowed per unat of product. Complete this question by entering vour asawers in bie taps below