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Suver Corporation has a standard costing system. The following data are available for June: Actual quantity of direct materials purchased 40,000 pounds Standard price of
Suver Corporation has a standard costing system. The following data are available for June:
| Actual quantity of direct materials purchased | 40,000 | pounds | |
| Standard price of direct materials | $ | 7.00 | per pound |
| Material price variance | $ | 4,000 | Unfavorable |
| Material quantity variance | $ | 7,000 | Favorable |
The actual price per pound of direct materials purchased in June was:
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Commercial Energy Auditing Reference Handbook
Authors: Steve Doty
3rd Edition
1498769268, 978-1498769266
