abe A2 X A Styles Styles Pane 2 3 4 35. Courtney purchased and consumed 50,000 gallons of direct material that was used in the production of 11,000 finished units of product. According to engineering specifications, each finished unit had a manufacturing standard of five gallons. If a review of Courtney's accounting records at the end of the period disclosed a material price variance of $5,000U and a material quantity variance of $3,000F, what is the actual price paid for a gallon of direct material? A. $0.50 B. $0.60. I C. $0.70. D. None of the other answers are correct. E. Not enough information to judge