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 The actual purchase price per pound of direct materials was: $ 7.35 3,190 pounds 3,090 pounds 790 $ 945 1,090 4,360 pounds Multiple Choice $8.03. $7.40. $7.01.