Courtney purchased and consumed 80,000 gallons of direct material that was used in the production of 14,000 finished units of product. According to engineering specifications, each finished unit had a manufacturing standard of six gallons. If a review of Courtney's accounting records at the end of the period disclosed a material price variance of $8,000U and a material quantity variance of $2400.0F, determine the actual price paid for a gallon of direct material. (Do not round intermediate calculations.) rev: 11_10_2014_QC_58853 $0.60. $0.40. $0.70. None of these. Not enough information to judge.