8. The Bowden Corporation makes a single product. Only one kind of direct material is used to make this product. The company uses a standard cost system. The company's cost records for June show the following data: Number of units produced Material price variance Material quantity variance Actual direct material purchased and used Direct materials standard price 10,000 S 8,400 Favorable S 8,000 Unfavorable pounds per pound 21,000 here were no beginning inventories of direct materials The actual cost of direct material was: A) $8.12 per pound B) $8.00 per pound C) S7.60 per pound D) $7.42 per pounds