Problem 8-28B Computing variances A fire destroyed most of Ordessa Products Corporation's records. Megan Carey, the company's accoun- tant, is trying to piece together the company's operating results from salvaged documents. She discov- ered the following data. Standard materials quantity per unit Standard materials price Standard labor quantity per unit Standard labor price Actual number of products produced Materials price variance Materials usage variance Labor price variance Labor usage variance 2.5 pounds $8 per pound 0.6 hour $24 per hour 8.000 units $3,168 Favorable $1,600 Favorable $3,904 Unfavorable $1.902 Unfavorable Required a. Determine the actual amount of materials used. b. Determine the actual price per pound paid for materials. e. Determine the actual labor hours used. d. Determine the actual labor price per hour. ANALYZE, THINK, COMMUNICATE