Suver Corporation has a standard costing system. The following data are available for June:

Actual quantity of direct materials purchased		60,000	pounds
Standard price of direct materials	$	3.00	per pound
Material price variance	$	3,000	Unfavorable
Material quantity variance	$	3,500	Favorable

The actual price per pound of direct materials purchased in June was:

Multiple Choice

• $3.07 per pound

• $3.00 per pound

• $3.05 per pound

• $2.93 per pound