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Suver Corporation has a standard costing system. The following data are available for June: Actual quantity of direct materials purchased 80,000 pounds Standard price of

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Suver Corporation has a standard costing system. The following data are available for June: Actual quantity of direct materials purchased 80,000 pounds Standard price of direct materials $ 9.00 per pound Material price variance $8,000 Unfavorable Material quantity variance $6,000 Favorable The actual price per pound of direct materials purchased in June was: 9.00 per pound 09.10 per pound 8.88 per pound

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