COTB MC Qu. 10-44 (Algo) Assume the following: 1 1 10 points Assume the following The standard price per pound is $200. 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 $7.500 U. The company produced 13,000 units of finished goods during the period. 8 01:1426 . The actual price per pound of direct materials is closest to Multiple Choice $175