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The Wright Company has a standard costing system. The following data are available for September: Actual quantity of direct materials purchased 35,000 pounds Standard price

The Wright Company has a standard costing system. The following data are available for September:

Actual quantity of direct materials purchased 35,000 pounds
Standard price of direct materials $6 per pound
Material price variance $3,500 unfavorable
Material quantity variance $2,500 favorable

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

$6.14

$6.00

$5.86

$6.10

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