Information concerning Johnston Company's direct materials costs is as follows:

Standard price per pound	$ 7.25
Actual quantity purchased	3,160	pounds
Actual quantity used in production	3,060	pounds
Units of product manufactured	780
Materials purchase-price variancefavorable	$ 935
Budget data for the period:
Units to manufacture	1,080
Units of direct materials	4,320	pounds

The actual purchase price per pound of direct materials was:Multiple Choice

• $6.91.

• $6.95.

• $7.30.

• $7.55.

• $7.93.