Please help me with all answers thanku Sharp Company manufactures a product with the following standards:Direct materialsDirect laborStandard Quantity Standard Price oror Hours3 feethours?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:Rate$5 per foot? per hourDuring March, the company purchased direct materials for $52,965, all of which were used in the production of 2,920 units. Inaddition, 4,500 direct labor-hours were worked on the product during the month. The cost of this labor time was $31,500. Thefollowing variances have been computed for the month:a. Compute the standard direct labor rate per hour.b. Compute the standard hours allowed for the month's production.c. Compute the standard hours allowed per unit of product.Required 1A Required 1B Required 2Actual cost$ 4,350 U$ 3,030 U$ 780 UComplete this question by entering your answers in the tabs below.Standard.Costper footFor direct materials, compute the actual cost per foot of materials for March.Note: Round your answer to 2 decimal places.$ 15?

Name: Please help me with all answers thanku Sharp Company manufactures a pr
Uploaded: 2024-03-20T06:33:06.000Z
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Description: Please help me with all answers thanku Sharp Company manufactures a product with the following standards:Direct materialsDirect laborStandard Quantity Standard Price oror Hours3 feethours?Materials quantity varianceLabor spending varianceLabor effici