The following standard direct material cost/unit has been established for product N90:
5 pounds of direct material at $10 per pound
During June 2,000 units of product N90 were made, and the quantity variance is favorable $2,000 and price variance is unfavorable $9,800. All direct material purchased in June was used for producing the 2,000 units. What was the actual price per pound of the direct material?
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