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25. (5 points) Information concerning Keokuk Co.'s direct materials (DM) costs are as follows: Actual DM quantity purchased Actual DM quantity used in production Actual

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25. (5 points) Information concerning Keokuk Co.'s direct materials (DM) costs are as follows: Actual DM quantity purchased Actual DM quantity used in production Actual # of units produced Direct materials price variance Budgeted price per pound Budgeted # of units to produce Budgeted direct materials usage 25,000 pounds 23,100 pounds 7,800 $5,000 Unfavorable $ 5.00 8,000 24,000 pounds Keokuk Co separates direct material purchases from production for performance evaluation purposes. What is the actual price per pound of direct materials paid this period? Show calculations to support your

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