You have been given the following information about the production of Mary Co. and are asked to srovide 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 10.7 hours at $ 10) Variable overhead (0.7 hours at $3 per hour) fixed overhead (0.7 hours at 57 per hour 2.10 420 $5400 The following is a variance report for the most recent period of operations Variances Costs Price Total Standard Cost Quantity Direct materials $409.600 $8,378 F 9.300 U 71.680 3,869 U Direct labor 5.700 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 What was the actual cost per pound of raw materials? (Round answer to 2 decimal places, eg. 25.) Actual cost per pound of raw materials $ Vib