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

Actual quantity of direct materials purchased	40,000	pounds
Standard price of direct materials	$ 6.00	per pound
Material price variance	$ 8,000	Unfavorable
Material quantity variance	$ 1,500	Favorable

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

Multiple Choice

• $5.77 per pound

• $6.00 per pound

• $6.20 per pound

• $6.23 per pound