Lemke Industries purchased and consumed 80,000 gallons of direct material that was used in the production of 21,000 finished units of product. According to engineering specifications, each finished unit had a manufacturing standard of four gallons. If the material price variance is $8,000U and the material quantity variance is $2,400F, what is the actual price paid for a galion of direct material? Multiple Cholce $0.60 $0.40 $0.70 None of the answers is correct Not enough information to judge