NU Company produces one product that has a standard material quantity of 0.8 yards per unit, and the standard unit price of materials is $5 per yard. The company budgeted to produce 60,000 units in December, but actual output for the month was 64,000 units. There was a material usage variance of $1,500 (unfavorable), and a materials price variance of $750 (favorable).

The actual price paid per yard of material during December is

Multiple Choice

A. $4.495

B. $5.135

C. $5.015

D. $4.985

E. some other answer