Suver Corporation has a standard costing system. The following data are available for June: Actual quantity of direct materials purchased Standard price of direct materials Material price variance Material quantity variance 60,000 pounds $ 7.00 per pound $ 6,000 Unfavorable $ 7,000 Favorable The actual price per pound of direct materials purchased in June was: (Round your intermediate calculations to 2 decimal places.) Multiple Choice $6.88 per pound $7.00 per pound $7.10 per pound $7.12 per pound