Question
Kennedy Inc. has the following data for its operation in August: Increase in direct materials inventory 100 Sets Direct materials purchased (AQ) 1,600 Sets Finished
Kennedy Inc. has the following data for its operation in August:
| Increase in direct materials inventory | 100 | Sets | |||
| Direct materials purchased (AQ) | 1,600 | Sets | |||
| Finished goods manufactured | 700 | units | |||
| Direct materials purchase-price variance | $ | 640 | Favorable | ||
| Budgeted | |||||
| Finished goods to manufacture | 800 | Units | |||
| Direct materials purchases | 2,000 | Sets | |||
| Direct materials per unit of finished goods | 2 | Sets | |||
| Direct materials price per set (SP) | $ | 5.10 | |||
What was the actual purchase price (AP) per set of direct materials purchased (to two decimal places)?
Multiple Choice
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$4.75.
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$5.07.
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$5.14.
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$4.70.
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$5.15.
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Audit Of The Federal Bureau Of Investigation Annual Financial Statements Fiscal Year 2015
Authors: Office Of The Inspector G Eneral, U.S. Department Of Justice
1st Edition
1530341264, 978-1530341269
