7) A company has the following information available about one of its products: Standard price per pound of input Actual price per pound of input Standard inputs per unit of output Actual units of output Direct Materials Price Variance Actual pounds of input used $27 3 pounds 3,000 $18,000 F 9,000 What is the standard price per pound of input? A) $29 B) $27 C) $25 D) $33