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Suver Corporation has a standard costing system. The following data are available for June: Actual quantity of direct materials purchased 25,000 pounds Standard price of

Suver Corporation has a standard costing system. The following data are available for June:

Actual quantity of direct materials purchased 25,000 pounds
Standard price of direct materials $ 4.00 per pound
Material price variance $ 2,500 Unfavorable
Material quantity variance $ 1,000 Favorable

The actual price per pound of direct materials purchased in June was:

Multiple Choice

  • $4.15 per pound

  • $3.85 per pound

  • $4.10 per pound

  • $4.00 per pound

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