Saved 5 Jordan Manufacturing Company produces a single product. The following data apply to the standard cost of materials and labor associated with making the product: 5 points Materials quantity per unit Materials price Labor quantity per unit Labor price 1 pound $5.50 per pound 2 hours $9.50 per hour eBook During the year, the company made 1,960 units of product. At the end of the year, the following variances had been calculated. Print Materials usage variance Materials price variance Labor usage variance Labor price variance $ 928 Favorable $ 150 Unfavorable 52,744 Unfavorable 53,570 Favorable References Required .. 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 b Actual quantity Actual price (materials Actual labor hours Actual labor price pounds per pound C d per hour