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

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Suver Corporation has a standard costing system. The following data are available for June: Actual quantity of direct materials purchased Standard price of direct materials Material price variance Material quantity variance 30,000 pounds $ 5.00 per pound $ 3,000 Unfavorable $ 2,000 Favorable The actual price per pound of direct materials purchased in June was: Multiple Choice 0 $5.10 per pound 0 $5.00 per pound 0 $4.86 per pound C) $5.14 per pound

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