The following information summarizes the standard cost for producing one metal tennis racket frame Spoulding Industries. In addition, the variances for one month's production are given. Assume that all inventory accounts have zero balances of the beginning of the month. Per Unit $ 4.00 4.80 52.40 $10,000 12,000 Materials Direct Labor 2 hrs. Factory Overhead: Variable Fixed 170 6.00 $ 16.50 4,250 15,000 $ 41,250 Variances: Material price Material quantity Labor rate Labor efficiency 350.00 unfavorable 400.00 unfavorable 780.00 favorable 3.240.00 unfavorable What was the actual price paid for the direct material during the month, assuming all materials purchased were put into production? O $4.31 $4.16. $4.13. $4.00