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Assume the following about Kohler Incorporated: - The standard price per pound is $3.60. - The standard quantity of pounds allowed per unit of finished
Assume the following about Kohler Incorporated: - The standard price per pound is $3.60. - The standard quantity of pounds allowed per unit of finished goods is 8 pounds. - The actual quantity of materials purchased and used in production is 62,000 pounds. - The materials price variance is $5,500U. - The company produced 19,800 units of finished goods during the period. Kohler Incorporated's actual price per pound of direct materials is closest to: A$3.69 B$2.21 C $2.58 $5.53
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