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

Actual quantity of direct materials purchased		25,000	pounds
Standard price of direct materials	$	8.00	per pound
Material price variance	$	4,000	Unfavorable
Material quantity variance	$	6,500	Favorable

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

Multiple Choice

• $7.79 per pound

• $8.16 per pound

• $8.00 per pound

• $8.21 per pound