Given the following information: Actual price paid per pound of material Total standard pounds for units produced this period Pounds of material used Direct materials price variance favorable What is the standard price for materials? $14.50 12,500 13,250 $4,637.50

Given the following information: Actual price paid per pound of material Total standard pounds for units produced this period Pounds of material used Direct materials price variance favorable $14.5012,50013,250$4,637.50 What is the standard price for materials? Given the following information: Actual price paid per pound of material Total standard pounds for units produced this period Pounds of material used Direct materials price variance favorable $14.5012,50013,250$4,637.50 What is the standard price for materials