Exercise 15-9 You have been given the following information about the production of Sheffield Co., and are asked to provide the plant manager with information for a meeting with the vice president of operations Direct materials (5 pounds at $4 per pound) Direct labor (0.8 hours at $9) Variable overhead (0.8 hours at $3 per hour) Fixed overhead (0.8 hours at $7 per hour) Standard Cost Card $20.00 7.20 2.40 5.60 35.20 The following is a variance report for the most recent period of operations Costs Total Standard Cost Price Quantity $340,000 $2,628 F $10,400U 123,400 2,860 U 5,300 U Direct materials Direct labor How many units were produced during the period? (Round answer to 0 decimal places, e.g. 125. Number of units How many pounds of raw materials were purchased and used during the period? (Round answer to 0 decimal places, e.g. 125.) Raw material pounds What was the actual cost per pound of raw materials? (Round answer to 2 decimal places, e.g. 1.25.) Actual cost per pound of raw materials s How many actual direct labor hours were worked during the period? (Round answer to 0 decimal places, e.g. 125.) Actual direct labor hours What was the actual rate paid per direct labor hour? (Round answer to 2 decimal places, e.g. 1.25.) hours Actual rate paid per direct labor hour /hr