Sharp Company manufactures a product with the following standards have been set:Standard Quantity Standard Price or Rateor HoursDirect materialsDirect labor3 feethours.?$ 11 per foot? per hourDuring March, the company purchased direct materials for $111,300, all of which were used in the production of 3,200 units. Inaddition, 4,900 direct labor-hours were worked on the product during the month. The cost of this labor time was $95,550. Thefollowing variances have been computed for the month:Materials quantity varianceLabor spending varianceLabor efficiency varianceRequired:1. For direct materials:a. Compute the actual cost per foot of materials for March.b. Compute the price variance and the spending variance.2. For direct labor:$ 4,400 U$450 F$ 2,000 Ua. 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.Required 1A Required 1B Required 2StandardCost$33?Complete this question by entering your answers in the tabs below.

Name: Sharp Company manufactures a product with the following standards hav
Uploaded: 2024-03-20T06:33:06.000Z
Channel: Bartleby
Description: Sharp Company manufactures a product with the following standards have been set:Standard Quantity Standard Price or Rateor HoursDirect materialsDirect labor3 feethours.?$ 11 per foot? per hourDuring March, the company purchased direct materials for