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The Swenson Corporation has a standard costing system. The following data are available for June: Actual quantity of direct materials purchased 50,000 pounds Standard price

The Swenson Corporation has a standard costing system. The following data are available for June:

Actual quantity of direct materials purchased 50,000 pounds
Standard price of direct materials $4 per pound
Material price variance $6,000 unfavorable
Material quantity variance $2,500 favorable

The actual price per pound of direct materials purchased in June is: (Round your answer to 2 decimal places.)

A) $3.85

B) $4.00

C) $4.12

D) $4.15

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