Assume the following: The standard price per pound is $2.00. The standard quantity of pounds 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 $10,500 U. The company produced 13,000 units of finished goods during the period. The actual price per pound of direct materials is closest to: Multiple Choice $1.71. $2.21. $1.81. $2.11