Sarah Lee Corporation has a standard costing system. The following data are available for June: 23,000pounds Actual quantity of direct materials purchased Standard price of direct materials Material price variance Material quantity variance 6.30per pound 2,400Unfavorable $ 2,300Favorable The actual price per pound of direct materials purchased in June was (rounded): $6.20 per pound $6.48 per pound $6.30 per pound 56.40 per pound