Information concerning Johnston Co'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: $ 6.45 2, 850 pounds 2, 750 pounds 700 855 Units to manufacture Units of direct materials 1,000 4, 000 pounds The actual purchase price per pound of direct materials (rounded to two decimal places) was: Multiple Choice $713. $713. $6.50 $6.12 $6.75 $615 $6.15