Question
Information about direct materials cost follows for a local company: Standard price per materials gram $ 20 Actual quantity used 2,470 grams Standard quantity allowed
Information about direct materials cost follows for a local company:
| Standard price per materials gram | $ | 20 | |
| Actual quantity used | 2,470 | grams | |
| Standard quantity allowed for production | 2,600 | grams | |
| Price variance | $ | 17,290 | F |
Required:
What was the actual purchase price per gram?
Actual Purchase Price per gram:
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ISE Fundamental Managerial Accounting Concepts
Authors: Thomas P. Edmonds, Christopher Edmonds, Mark A. Edmonds, Philip R. Olds
10th Edition
1265045925, 9781265045920
