11.

Suver Corporation has a standard costing system. The following data are available for June: Actual quantity of direct materials purchased Standard price of direct materials Material price variance Material quantity variance 20,000 pounds $ 7.00 per pound $ 5,000 Unfavorable $ 2,500 Favorable The actual price per pound of direct materials purchased in June was: Multiple Choice $7.32 per pound $7.00 per pound $6.68 per pound $7.25 per pound