The following information summarizes the standard cost for producing one metal tennis racket frame. 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. Standard Cost Per Unit Standard Monthly Costs Materials $ 4.00 $ 1,400 Direct Labor 2hrs. @ $2.00 4.00 4,920 Factoury Overhead: Variable 1.20 3,720 Fixed 8.00 9,900 $ 17.20 $ 19,940 Variances: Material price $200 unfavorable Material quantity $400 unfavorable Labor rate $460 favorable Labor efficiency $2,140 unfavorable What was the actual price paid for the direct material during the month, assuming all materials purchased were put into production?