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If 50,000 gallons of direct material was purchased and used to produce 11,000 units, the direct material standard is 5gallons per unit, the material price

If 50,000 gallons of direct material was purchased and used to produce 11,000 units, the direct material standard is 5gallons per unit, the material price variance was $5,000 unfavorable, and the material quantity variance was $3,000 favorable, the actual price paid for a gallon of direct material was:

  • $0.50.
  • $0.60.
  • $0.70.
  • None of the answers is correct.
  • Not enough data to calculate.

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