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Paul's Inc. flexible budget for June, based upon historical experience, called for the use of 10,000 pounds of materials at a standard cost of $7.20

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Paul's Inc. flexible budget for June, based upon historical experience, called for the use of 10,000 pounds of materials at a standard cost of $7.20 per pound. The Production Department actually used 10,300 pounds of materials costing $6.90 per pound during June. (iii). The amount of direct materials charged to work-in-process for June is: Select one: a. $71,070 b. $69,000 c. $74,160 d. $72,000

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