Information on Kennedy Company's Direct Material Costs Follows What Was the Actual Purchase Price Per Unit,rounded to the l

Multiple Choice

Information on Kennedy Company's direct material costs follows: $\begin{array} { l r } \text { Standard price per kilogram of raw materials } & \$ 3.60 \\\text { Actual quantity of raw materials purchased } & 1,600 \text { kilograms } \\\text { Standard quantity allowed for actual production } & 1,450 \text { kilograms } \\\text { Materials purchase price variance-favourable } & \$ 240\end{array}$ What was the actual purchase price per unit,rounded to the nearest cent?

A) $3.06.
B) $3.11.
C) $3.45.
D) $3.75.