Calhoun Company has a direct material standard of 3 gallons of input at a cost of $5 per gallon. During July, Calhoun Company purchased and used 7,500 gallons. The direct material quantity variance was $750 unfavorable and the direct material price variance was $3,000 favorable. What price per gallon was paid for the purchases?

	a.	$5.00
	b.	$5.40
	c.	$4.60
	d.	$2.50