The Wright Company has a standard costing system. The following data are available for September: Actual quantity of direct materials purchased 40,000 pounds Standard price of direct materials $8 per pound Material price variance $4,000 unfavorable Material quantity variance $3,500 favorable The actual price per pound of direct materials purchased in September is: (Round your answer to 2 decimal places.) $7.87 $8.00 $8.10 $8.13