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Ron Swanson Corporation has a standard costing system. The following data are available for June: Actual Quantity of Direct Materials Purchased: 35,000 pounds $4 per

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Ron Swanson Corporation has a standard costing system. The following data are available for June: Actual Quantity of Direct Materials Purchased: 35,000 pounds $4 per pound $7,000 Unfavorable $4,200 Favorable Standard Price of Direct Materials: Material Price Variance Material Quantity Variance The actual price per pound of direct materials purchased in June is: $4.08 $3.92 $4.20 $3.80

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