TB MC Qu. 16-74 (Static) The following information summarizes... The following information summarizes the standard cost for producing one metal tennis racket frame at Spaulding Industries. In addition, the variances for one month's production are given. Assume that all inventory accounts have zero balances at the beginning of the month. Materials Direct Labor 2 hrs $2.60 Factory Overhead Standard Cost Per Unit $4.00 5.20 Standard Monthly Costs $ 8,400 10,920 Variable Fixed Variances: 1.80 3,780 5.00 10,500 $16.00 $33,600 $244.75 unfavorable Material price Material quantity $ Labor rate $ Labor efficiency 500.00 unfavorable 520.00 favorable $2,080.00 unfavorable t What was the actual price per unit paid for the direct material during the month, assuming all materials purchased were put into production?