I need help with this problem. I need assistance with 1 A-B and with 2 A-C. Thank you in advance. ### Direct Labor Standards Calculation#### Instructions:**2. For direct labor: (Do not round intermediate calculations.)****a. Compute the standard direct labor rate per hour.**- **Note: Round your final answer to 2 decimal places.**The formula to calculate the standard direct labor rate per hour is:\[ \text{Standard direct labor rate per hour} = \_\_\_\_\_\_\_\_\_ \,_ \]**b. Compute the standard hours allowed for the month's production.**\[ \text{Standard hours} = \_\_\_\_\_\_\_ \text{hours} \]**c. Compute the standard hours allowed per unit of product.**- **Note: Round your answer to 1 decimal place.**\[ \text{Standard hours} = \_\_\_\_\_\_\_ \text{hours per unit} \]**Explanation of Fields:**1. **Standard Direct Labor Rate Per Hour:** This field requires the computation of the direct labor cost per hour. The final value should be rounded to two decimal places.2. **Standard Hours for Production:** This field requires the computation of total standard hours required for the production in a month.3. **Standard Hours Per Unit:** This field requires the computation of standard labor hours allowed per single unit of product. This value should be rounded to one decimal place. ### Sharp Company - Production Standards and VariancesSharp Company manufactures a product for which the following standards have been set:| Standard Quantity or Hours | Standard Price or Rate | Standard Cost ||----------------------------|------------------------|---------------|| Direct materials | 3 feet | $5 per foot | $15 || Direct labor | ? hours | ? per hour | ? |#### March Operations OverviewDuring March, the company purchased direct materials at a cost of $45,180, all of which were used in the production of 2,290 units of product. In addition, 4,700 hours of direct labor time were worked on the product during the month. The cost of this labor time was $32,900. The following variances have been computed for the month:| Variance Type | Amount ||------------------------------|----------|| Materials quantity variance | $3,300 U || Labor spending variance | $3,130 U || Labor efficiency variance | $780 U |#### Required Calculations1. **For direct materials:** **a. Compute the actual cost per foot for materials for March.** _(Round your answer to 2 decimal places.)_ ``` Actual cost: __________ per foot ``` **b. 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 (i.e., zero variance))._ | Variance Type | Amount | Effect | |-------------------|----------|--------| | Price variance | $7,530 U | ______ | | Spending variance | $10,830 U| ______ |#### Explanation of Variances:1. **Materials Quantity Variance ($3,300 U):** This indicates that during March, the quantity of materials used deviated unfavorably, meaning the actual quantity used was higher than the standard quantity allowed for the actual production level.2. **Labor Spending Variance ($3,130 U):** This reflects an unfavorable variance in labor spending, which means the actual cost of labor was higher than expected according to the standard rate.3. **Labor Efficiency Variance ($780 U):** This shows that the labor was less efficient than the

1. a. Actual cost per foot of materials for march=$ 6/foot Actual Material Purchased and used= $…

Sharp Company manufactures a product for which the following standards have been set: Standard Quantity Standard Price or Hours 3 feet ? hours or Rate $5 per foot ? per hour Standard Cost $15 ? Direct materials Direct labor During March, the company purchased direct materials at a cost of $45,180, all of which were used in the production of 2,290 units of product. In addition, 4,700 hours of direct labor time were worked on the product during the month. The cost of this labor time was $32,900. The following variances have been computed for the month: Materials quantity variance Labor spending variance Labor efficiency variance $3,300 U $3,130 U $ 780 U Required: 1. For direct materials: a. Compute the actual cost per foot for materials for March. (Round your answer to 2 decimal places.) Actual cost per foot b. 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 (i.e., zero variance)) Price variance $ 7,530 U Spending variance $ 10,830U