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Scarlett Company has a direct material standard of 3 gallons of input at a cost of $6 per gallon. During July, Scarlett Company purchased and

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Scarlett Company has a direct material standard of 3 gallons of input at a cost of $6 per gallon. During July, Scarlett Company purchased and used 7.540 gallons. The direct material quantity variance was $600 unfavorable and the direct material price variance was $3.770 favorable. What price per gallon was paid for the purchases? Multiple Choice $3.40 $6.00 $5.50 $6.40

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