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 quantify of materials purchased and used in production is 50,000 pounds. - The materials price variance is $8,000U. - The company produced 13,000 units of finished goods during the perlod. The actual price per pound of direct materials is closest to: Multiple Choice $1.66. $2.16 $176. $2.06