Exercise 24-09 You have been given the following information about the production of Usher Co., and are asked to provide the plant manager with information for a meeting with the vice president of operations. Standard Cost Card $32.00 7.00 Direct materials (8 pounds at $4 per pound) Direct labor (0.70 hours at $10) Variable overhead (0.70 hours at $5 per hour) Fixed overhead (0.70 hours at $7 per hour) 3.50 4.90 $47.40 The following is a variance report for the most recent period of operations. Variances Costs Total Standard Cost Price Direct materials $409,600 89,600 $5,240 F 3,896 U Quantity $9,600 U 7,800 u Direct labor How many units were produced during the period? Number of units LINK TO TEXT How many pounds of raw materials were purchased and used during the period? Raw material pounds LINK TO TEXT What was the actual cost per pound of raw materials? (Round answer to 2 decimal places, e.g. 1.25.) Actual cost per pound of raw materials /lb $ LINK TO TEXT How many actual direct labor hours were worked during the period? Actual direct labor hours hours LINK TO TEXT What was the actual rate paid per direct labor hour? (Round answer to 2 decimal places, e.g. 1.25.) Actual rate paid per direct labor hour /hr