Fiberworks Company is a manufacturer of fiberglass toy boats. The company has designed the system to isolate variances as soon as possible. production of 25,400 toy boats y is a manufacturer of fiberglass toy boats. The company has recently implemented a standard cost system and has production of 25.400 tariances as soon as possible. During the month of May, the following results were reported for the Direct materials (fiberglass) purcha Direct materials issued into production Standard pounds allowed per boat Standard price per pound Cost of fiberglass purchased 49,800 pounds 39.900 pounds 1.49 pounds $6.53 $306,768 Required a. Calculate the actual cost per pound of fiberglass purchased during May. (Round your answer to 2 decimal places.) Actual costorper pound] b. Calculate the direct materials purchase price variance for May. (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).) | Direct materials purchase price varlander- c. Calculate the direct materials usage variance for May, (Indicate the effect of each variance by selecting "F"for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).) Direct materiais usage variance d. In the case of raw materials, the control point for the price variance is at the time of purchase rather than when the raw materials are True