The standards for direct labor for a product are 2.5 hours at $8 per hour. Last month, 9,000 units of the product were made and the labor efficiency variance was $8,000 favorable. Calculate the actual number of hours worked during the past period. (3 Points) Enter your answer 5 Magno Cereal Corporation uses a standard cost system for its "crunchy pickle" cereal. The materials standard for each batch of cereal produced is 1.4 pounds of pickles at a standard cost of $3.00 per pound. During the month of August, Magno purchased and used 78,000 pounds of pickles at a total cost of $253,500 to produce 60,000 units of cereal. What is Magno's materials price variance for August? 5 (2 Points) $1,500 Unfavorable $18,000 Favorable $54,000 Unfavorable $19,500 Unfavorable