Sheridan Company uses a standard cost accounting system. In 2022, the company produced 28,500 units. Each unit took several pounds of direct materials and 1.6 standard hours of direct labor at a standard hourly rate of $11.00. Normal capacity was 50,000 direct labor hours. During the year, 131,700 pounds of raw materials were purchased at $0.95 per pound. All materials purchased were used during the year. If the materials price variance was $5,268 favorable, what was the standard materials price per pound? (Round answer to 2 decimal places, e.g. 2.75.) Standard materials price per pound If the materials quantity variance was $17.523 unfavorable, what was the standard materials quantity per unit? Standard materials quantity per unit What were the standard hours allowed for the units produced? pounds What were the standard hours allowed for the units produced? Standard hours allowed hours If the labor quantity variance was $6,600 unfavorable, what were the actual direct labor hours worked? Actual hours worked hours If the labor price variance was $4,620 favorable, what was the actual rate per hour? (Round answer to 2 decimal places, eg. 2 Actual rate per hour $ If total budgeted manufacturing overhead was $325,000 at normal capacity, what was the predetermined overhead rate b direct labor hours? (Round answer to 2 decimal places, e.g. 2.75.) Predetermined overhead rate What was the standard cost per unit of product? (Round answer to 2 decimal places, e.g. 2.75) Standard cost per unit $ How much overhead was applied to production during the year? Overhead applied $ ! Using one or more answers above, what were the total costs assigned to work in process? (Round standard cost per unit to 2 deci places, e.g. 2.75 and final answer to O decimal places, e.g. 125.) Total costs assigned