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Information about you company direct materials cost is as follows Standard unit price. 3.60 Actual quantity purchase. 1600 The standard quantity allowed for actual production.

Information about you company direct materials cost is as follows

Standard unit price. 3.60

Actual quantity purchase. 1600

The standard quantity allowed for

actual production. 1450

Materials purchase price

Variance- favorable. 240

What was the actual purchase price per unit, rounded to the nearest centavo?

Compute for the quantity variance.

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