Information about direct materials cost follows for a local company Standard price per materials gram $ 16 Actual quantity used 2,250 grams Standard quantity allowed for production 2,375 grams Price variance $ 14,400 F Required What was the actual purchase price per gram (Round your answer to 2 decimal places )

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Information about direct materials cost follows for a local company: Standard price per materials gram $ 16 Actual quantity used 2,250 grams Standard quantity allowed

Information about direct materials cost follows for a local company:


Standard price per materials gram	$	16
Actual quantity used		2,250	grams
Standard quantity allowed for production		2,375	grams
Price variance	$	14,400	F

Required:

What was the actual purchase price per gram? (Round your answer to 2 decimal places.)

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