TB MC Qu. 9-96 Suver Corporatlon 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 35,000 pounds s 8.00 per pound $ 7,000 Unfavorable S 7,500 Favorable The actual price per pound of direct materials purchased in June was: (Round your Intermedlete calculatlons to 2 declmal places.) Multiple Choice $776 per pound $8.00 per pound $8.20 per pound $8.24 per pound