Winterfell, Inc. purchased and consumed 35,000 pounds of direct material that was used in the production of 17,000 finished units of product. According to engineering specifications, each finished unit had a manufacturing standard of three pounds of direct material. If a review of Winterfells accounting records at the end of the period disclosed a direct-material quantity variance of $4,000F and a direct-material price variance of $7,000U, determine the actual price paid for a pound of direct material. A.