this is question one

this is question two. please thoroughly explain these im so lost. Thank you!

Marvel Parts, Incorporated, manufactures auto accessories. One of the company's products is a set of seat covers that can be adjusted to fit mearly any smalt cas, The company has a standard cost system in use for alf of its products. According to the standards thot have been set for the seat covers, the foctory should work 1,040 hours each month to produce 2,080 sets of covers. The standard costs associated with this level of production are: During August, the factory worked only 600 direct labor-hours and produced 1,800 sets of covers. The following actual costs were recorded during the month: At standard, each set of covers should require 2.5 yards of material. All of the materials purchased during the month were used in production. Required: 1. Compute the materials price and quantity variances for August. 2. Compute the labor rate and efficiency vartances for August. 3. Compute the variable overheod rate and efficiency voriances for August. (Do not round intermediate calcutations. Indicate the effect of each variance by selecting "F" for favorable, " U " for unfavorable, and "None" for no effect (i.e., zero variance), Input all amounts as positive values.) At standard, each set of covers should require 2.5 yards of material. All of the materials purchased during the month were usod in production. Required: 1. Compute the materials price and quantity variances for August. 2 Compute the labor rate and efficiency variances for August. 3. Compute the variable overhead rote and efficiency variances for August. (Do not round intermediate calculations, Indicate the effect of each variance by selecting "F" for favorable, " U " for unfavorable, and "None" for no effect (i.e, zero variance). Input all amounts as positive values.) Sharp Company manufactures a product for which the following standards have been set During March, the company purchased direct materials at a cost of $111,300, all of which were used in the production of 3,200 units of product In addition, 4,900 direct lobor-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: Required: 1. For direct moterials: 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 hout: 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 actual cost per foot of materials for March. (Round your answer to 2 decimal places:) Sharp Company manufactures a product for which the following standards have been set Dufing March, the company purchased direct materials of a cost of $111,300, all of which were used in the production of 3,200 units of product. 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: Required: 1. 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. For direct materials, compute the price variance and the spending variance. (Do not round intermediate calculations, Ind cate the effect of each varisnce by selecting "f" for fovprable, " U ' for unfoworable, and "None' for no effect (i.e, zero variance). Input all amounts as positive values?) During March, the company purchased direct materials at a cost of $111,300, all of which were used in the production of 3,200 units of product. In addition, 4,900 direct labor-hours were worked on the product during the month. The cost of this labor time wos 595,550 . The following variances have been computed for the month: Required: 1. For direct materials: a. Compute the actual cast 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. 2a. For direct labot, compute the standard direct labor rate per hour. 2b. For direct labot, compute the standard hours allowed for the month's production. 2C. For direct laboc, compute the standard hours. allowed per unit of product. (Round your answer to 1 dec mal place)