TB MC Qu. 10-32 Suver Corporation has a standard ...

Suver Corporation has a standard costing system. The following data are available for June:

Actual quantity of direct materials purchased		60,000	pounds
Standard price of direct materials	$	2.00	per pound
Material price variance	$	6,000	Unfavorable
Material quantity variance	$	3,000	Favorable

The actual price per pound of direct materials purchased in June was:

Multiple Choice

• $1.88 per pound

• $2.00 per pound

• $2.10 per pound

• $2.12 per pound