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ABC Corporation has a standard costing system. The following data are available for June: Actual quantity of direct materials purchased 60,000 pounds Standard price of
ABC Corporation has a standard costing system. The following data are available for June: Actual quantity of direct materials purchased 60,000 pounds Standard price of direct materials $ 2.00 per pound Material price variance $ 6000 Unfavorable Material quantity variance $ 3000 Favorable The actual price per pound of direct materials purchased in June was:
Group of answer choices $2.00 per pound $1.88 per pound $2.12 per pound $2.10 per pound
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