Question 4 3 pts Whitman Inc. has a standard costing system. The following data are available for November: Actual quantity of direct materials purchased40,000 pounds Standard price of direct materials $ 5.00 per pound Material price variance $ 8,000Unfavorable Material quantity variance $ 3,500Favorable The actual price per pound of direct materials purchased in November was: (& $4.77 per pound (O $5.20 per pound (& $5.23 per pound (& $5.00 per pound