Benson Manufacturing Company produces a single product. The following data apply to the standard cost of materials and labor associated with making the product Materials quantity per unit Materials price Labor quantity per unit Labor price 1 pound $5.20 per pound 2 hours 59.20 per hour During the year, the company made 1840 units of product. At the end of the year, the following variances had been calculated Materials usage variance Materials price variance Labor usage variance Labor price variance $ 520 Favorable $ 174 Unfavorable 52,024 Unfavorable $2.925 Favorable Required a. Determine the actual amount of materials used. b. Determine the actual price paid per pound for materials. (Round your answer to 2 decimal places.) c. Determine the actual labor hours used d. Determine the actual labor price per hour (Round your answer to 2 decimal places.) During the year, the company made 1.840 units of product. At the end of the year, the following variances had Materials usage variance Materials price variance Labor usage variance Labor price variance $ 520 Favorable $ 174 Unfavorable $2,024 Unfavorable $2,925 Favorable Required a. Determine the actual amount of materials used. b. Determine the actual price paid per pound for materials. (Round your answer to 2 decimal places.) c. Determine the actual labor hours used. d. Determine the actual labor price per hour. (Round your answer to 2 decimal places.) 1,940 pounds per pound a. Actual quantity b. Actual price (materials) cActual labor hours d. Actual labor price per hour