The Alison Corporation has a standard costing system. The following data are available for November: Actual quantity of direct materials purchased 35,000 pounds Standard price of direct materials $5 per pound Material price variance $8,000 favorable Material quantity variance $5,200 favorable The actual price per pound of direct materials purchased in November is closest to: Select one: A. $4.77 B. $4.20 C. $3.92 D. $4.32