Oliver Enterprises has collected the following data for one of its products: Direct materials standard (4 pounds per unit @ $0.60/1b.) Direct materials flexible budget variance - unfavorable Actual Direct Materials Used (AQU) Actual finished goods produced What is the actual cost of the Direct Materials Used (AQU) per pound? $2.40 per finished good $12,000 40,000 pounds 22,000 units A. $2.95 B. $0.60 C. $1.32 D. $1.62