You have been given the following information about the production of Mary Co., and are asked to provide the factory manager with information for a meeting with the vice president of operations. Standard Cost Card $40.00 7.00 Direct materials (8 pounds at $5 per pound) Direct labor (0.7 hours at $10) Variable overhead (0.7 hours at $3 per hour) Fived overhead (0.7 hours at 57 per hour) 2.10 4.90 $54.00 The following is a variance report for the most recent period of operations. Variances Price Quantity Costs Direct materials Direct labor Total Standard Cost $409,600 $8,378 F $9.300U 71.680 3,8690 5,700 U Your answer is correct. How many units were produced during the period? Number of units 10240 e Textbook and Media (b) Your answer is correct. How many pounds of raw materials were purchased and used during the period? Raw material purchased 83780 pounds e Textbook and Media What was the actual cost per pound of raw materials? (Round answer to 2 decimal places, e Actual cost per pound of raw materials $ 4.90 e Textbook and Media Solution (d) Your answer is correct. How many actual direct labor hours were worked during the period? Actual direct labor hours 7738 hours e Textbook and Media Attempts: 10 used (e) What was the actual rate paid per direct labor hour? (Round answer to 2 decimal places, c.8. 1.25) $ /hr Actual rate paid per direct labor hour e Textbook and Media Save for Later Attempts: 0 of 3 used Submit