TB MC Qu. 9-96 Suver Corporation has a standard ... 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 70,000 pounds $ 8.00 per pound $ 3,500 Unfavorable $ 2,500 Favorable The actual price per pound of direct materials purchased in June was: (Round your intermediate calculations to 2 decimal places.) Multiple Choice $8.05 per pound $8.00 per pound $8.07 per pound $7.93 per pound