Sharp 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   ?          During March, the company purchased direct materials at a cost of $58,050, all of which were used in the production of 3,320 units of product

Sharp Company manufactures a product for which the following standards have been set:

     During March, the company purchased direct materials at a cost of $58,050, all of which were used in the production of 3,320 units of product. In addition, 4,900 hours of direct labor time were worked on the product during the month. The cost of this labor time was $39,150. The following variances have been computed for the month:

Compute the actual cost per foot for materials for March. (Round your answer to 2 decimal places.)

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 _________ F/U/None (choose one)

Spending Variance __________  F/U/None (choose one)

Compute the standard direct labor rate per hour. (Do not round intermediate calculations.)

Standard direct labor rate per hour ______

Compute the standard hours allowed for the month?s production.

Compute the standard hours allowed per unit of product. (Round your answer to 1 decimal place.)