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The following information summarizes the standard cost for producing one metal tennis racket frame at Spaulding Industries. In addition, the variances for one month's production

The following information summarizes the standard cost for producing one metal tennis racket frame at Spaulding Industries. 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 $ 8,400
Direct Labor (2 hours @ $ 2.60) 5.20 10,920
Factory Overhead:
Variable 1.80 3,780
Fixed 5.00 10,500
$ 16.00 $ 33,600
Variances:
Material price $ 244.75 unfavorable
Material quantity $ 500.00 unfavorable
Labor rate $ 520.00 favorable
Labor efficiency $ 2,080.00 unfavorable

What was the actual price per unit paid for the direct material during the month, assuming all materials purchased were put into production?

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