COTB MC Qu. 10-44 (Algo) Assume the following: Assume the following: . . The standard price per pound is $2.00. The standard quantity of pounds allowed per unit of finished goods is 4 pounds. The actual quantity of materials purchased and used in production is 50,000 pounds. The materials price variance is $15,000 U. The company produced 13,000 units of finished goods during the period. The actual price per pound of direct materials is closest to: Multiple Choice $2.20. $1.90. $1.80. $2.30