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Suver Corporation has a standard costing system. The following data are available for June: Actual quantity of direct materials purchased 50,000 pounds Standard price of
Suver Corporation has a standard costing system. The following data are available for June:
| Actual quantity of direct materials purchased | 50,000 | pounds |
|---|---|---|
| Standard price of direct materials | $ 4.00 | per pound |
| Material price variance | $ 6,000 | Unfavorable |
| Material quantity variance | $ 2,500 | Favorable |
The actual price per pound of direct materials purchased in June was:
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Audit Analytics Data Science For The Accounting Profession
Authors: J. Christopher Westland
1st Edition
3030490904, 9783030490904
