Franklin 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 $ 5.60 per pound 2 hours $ 9.60 per hour During the year, the company made 1,920 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 Required $ 784 Favorable $ 178 Unfavorable $ 2,496 Unfavorable $ 3,075 Favorable 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.) a. Actual quantity b. Actual price (materials) c. Actual labor hours d. Actual labor price pounds per pound per hour