Assume the following: 00 4 points The standard price per pound is $2.00. The standard quantity allowed per unit of finished goods is 4 pounds. The actual quantity of materials purchased and used in production is 50,000 pounds, . The materials price variance is $11,500 U. The company produced 13,000 units of finished goods during the period. The actual price per pound of direct materials is closest to: X 01:26:45 Multiple Choice $1.83 $2.13