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

Standard price per pound	$ 6.65
Actual quantity purchased	2,900	pounds
Actual quantity used in production	2,800	pounds
Units of product manufactured	720
Materials purchase-price variancefavorable	$ 875
Budget data for the period:
Units to manufacture	1,020
Units of direct materials	4,080	pounds

The actual purchase price per pound of direct materials was:

Multiple Choice

$7.33.

$6.95.

$6.35.

$6.70.

$6.32.