Suver Corporation has a standard costing system. The following data are available for June: Actual quantity of direct materials purchased 70,000 pounds Standard price of direct materials $ 8.00 per pound Material price variance $ 7,000 Unfavorable Material quantity variance $ 7,500 Favorable The actual price per pound of direct materials purchased in June was: (Round your intermediate calculations to 2 decimal places.)

Multiple Choice $7.88 per pound $8.00 per pound $8.10 per pound $8.12 per pound