\fodes available after 12/14 Saved Help Save & Exit Submit Below is the information regarding products and direct materials (DM) of Nathan Inc. for October: standard price per pound DM $ 6.75 Actual quantity of DM purchased 2,960 pounds Actual quantity of DM used in production 2, 860 pounds units of product manufactured 730 4202 DM price variance favorable $ 885 Budget data for the period: Units of product to manufacture 1, 030 units of DM 4, 120 pounds What should be the actual purchase price per pound of direct materials? (Rounded to two decimal places.) Multiple Choice $6.80 $7.43. MacBook Air FZ 20 F3 FI 5 e/o @ # 4 5 2 Y U E R T Q W K L F G H A S D N M V