Question 1 of 1 0.6/1 III View Policies Show Attempt History Current Attempt in Progress 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. Direct materials (5 pounds at $4 per pound) Direct labor (0.70 hours at $10) Variable overhead (0.70 hours at $3 per hour) Fixed overhead (0.70 hours at 57 per hour) Standard Cost Card $20.00 7.00 2.10 4.90 $34.00 The following is a variance report for the most recent period of operations. Costs Direct materials Direct labor Total Standard Cost $405,000 141,750 Variances Price Quantity $5,175 F $9.000 U 2.955 U 6,000 U Your answer is correct. Your answer is incorrect. 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 $ Ab * Your answer is incorrect. What was the actual rate paid per direct labor hour? (Round answer to 2 decimal places, eg 125.) Actual rate paid per direct labor hour $ hr e Textbook and Media