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Malkovich Company uses a standard costing system. The following information pertains to direct materials for the month of July: Standard price per lb. $18.00 Actual
Malkovich Company uses a standard costing system. The following information pertains to direct materials for the month of July:
Standard price per lb. | $18.00 |
Actual purchase price per lb. | $16.50 |
Quantity purchased | 3,100 lbs. |
Quantity used | 2,950 lbs. |
Standard quantity allowed for actual output | 3,000 lbs. |
Actual output | 1,000 units |
Malkovich Company reports its material price variances at the time of purchase. What is the standard quantity of direct materials per unit for Malkovich Company?
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