Assume the following . The standard price per pound is $200. 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: . Multiple Choice $2.13 $2.23 $1.83 Prey 8 of 24 31 Next >