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 $ 6.75 2,960 pounds 2,860 pounds 730 $ 885 1,030 4,120 pounds The actual purchase price per pound of direct materials was: Multiple Choice $6.42. $6.45. $6.80. $7.05. $7.43