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 $ 3.00 per pound $ 3,000 Unfavorable $ 3,500 Favorable The actual price per pound of direct materials purchased in June was: Multiple Choice 0 $2.93 per pound O $3.00 per pound $3.05 per pound $3.07 per pound