Finch 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 unit1poundMaterials price$5.50per poundLabor quantity per unit2hoursLabor price$9.50per hour

During the year, the company made1,900 units of product. At the end of the year, the following variances had been calculated.

Materials usage variance$715FavorableMaterials price variance$177UnfavorableLabor usage variance$2,375UnfavorableLabor price variance$2,430Favorable

Required

1. Determine the actual amount of materials used.
2. Determine the actual price paid per pound for materials.(Round your answer to 2 decimal places.)
3. Determine the actual labor hours used.
4. Determine the actual labor price per hour.(Round your answer to 2 decimal places.)