Question

Sharp Company manufactures a product with set standards for direct materials and labor. Given the provided data and variances, compute the required values.

Part a: Compute the actual cost per foot of materials for March.
Part b: Compute the standard direct labor rate per hour.
Part c: Compute the standard hours allowed per unit of product.
True/False: Shay's statement about becoming a marine biologist is a metaphor.
A) True
B) False

Answer 1

The student needs additional information for the calculations. Parts a, b, and c require different data to compute the required values.

Step-by-step explanation:

To compute the required values, we need additional information beyond what is provided. However, I can guide you on how to approach these calculations.

Part a: To compute the actual cost per foot of materials for March, you would need the total cost of materials used in March and divide it by the total number of feet used in March.

Part b: To compute the standard direct labor rate per hour, you would need the total direct labor cost and divide it by the total number of labor hours.

Part c: To compute the standard hours allowed per unit of product, you would need the total standard labor hours allowed and divide it by the total number of units produced.