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inabled: Final Exam $-$ Fall $23$ i

TB MC Qu$.10-18($Algo$)$ Suver Corporation has a standard...

Suver Corporation has a standard costing system. The following data are available for June:

Actual quantity of direct materials purchased Standard price of direct materials

Material price variance

Material quantity variance

$20,000$ pounds

$$7\mathrm{.}00$ per pound

$$5,000$ Unfavorab

$$2,500$ Favorable

The actual price per pound of direct materials purchased in June was:

Multiple Choice

$$7\mathrm{.}32$ per pound

$$7\mathrm{.}00$ per pound

$$7\mathrm{.}25$ per pound

$$6\mathrm{.}68$ per pound

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