Information about direct materials cost follows for Jennings Chemicals:

Standard price per gallon	$ 56
Actual quantity used	4,610	gallons
Standard quantity allowed for production	4,640	gallons
Price variance	$ 21,667	U

Required:

What was the actual purchase price per gallon?

Note: Round your answer to 2 decimal places.

Information about direct materials cost follows for Jennings Chemicals: Standard price per gallon Actual quantity used Standard quantity allowed for production Price variance Required: What was the actual purchase price per gallon? Note: Round your answer to 2 decimal places. ctual purchase price per gallon $ 56 4,610 gallons 4,640 gallons $ 21,667 U