Information concerning Johnston Company's direct materials costs is as follows: Standard price per pound Actual quantity purchased Actual quantity used in production Units of product manufactured Materials purchase-price variance-favorable Budget data for the period: Units to manufacture Units of direct materials $ 6.65 2,900 pounds 2,800 pounds 720 $ 875 1,020 4,080 pounds The actual purchase price per pound of direct materials was: Multiple Choice $6.32 $6.35. O d $6.70 $6.95 O O O $7.33