Question
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 | $ 2.00 | per pound |
| Material price variance | $ 2,500 | Unfavorable |
| Material quantity variance | $ 4,200 | Favorable |
The actual price per pound of direct materials purchased in June was:
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Cost Accounting A Managerial Emphasis
Authors: Charles T. Horngren, Srikant M. Datar, Madhav V. Rajan
15th edition
978-0133428858, 133428850, 133428702, 978-0133428704
