ChemKing uses a standard costing system in the manufacture of its single product. The 35,000 units of raw material purchased and used cost $105,000, and two units of raw material are required to produce one unit of final product. In November, the company produced 12,000 units of product. The flexible budget for materials was $60,000, and there was an unfavorable quantity variance of $2,500.

ChemKing's standard price for one unit of material is

a. 2.50

b. 2.00

c. 5.00

d. 3.00