ssessment a Saved The Bowden Corporation makes a single product. Only one kind of direct materia company uses a standard cost system. The company's cost records for June show Number of units produced Material price variance Material quantity variance Actual direct material purchased and used Direct materials standard price 10,000 $ 8,400 Favora $ 8,000 Unfavo 21,000 pounds $ 8 per pou There were no beginning inventories of direct materials. The actual cost of direct material was: Multiple Choice Mere were no beginning inventories of direct materials. The actual cost of direct material was: nts Multiple Choice 00:22:16 O $8.12 per pound O $8.00 per pound C $7.60 per pound