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Gepp 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 1 pound Materials price $12.50 per pound Labor quantity per unit 2 hours Labor price $22.50 per hour During the year. the company made 1,800 units of product. At the end of the year, the following variances had been calculated. Materials usage variance 5 1 , 000 Favorable Materials price variance 5 860 Unfavorable Labor usage variance $4,500 Unfavorable Labor price variance $7, 125 Favorable Required 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 21 ,500 w WWW\") _- uActuanaborhours _