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The Elite Corporation uses a standard costing system and has the following data for the month of October 2020. Quantity of material purchased 35,000 Kgs

The Elite Corporation uses a standard costing system and has the following data for the month of October 2020.

Quantity of material purchased

35,000 Kgs

Standard price of material

$4 per Kg

Material price variance

$9,500 unfavorable

Material quantity variance

$4,200 favorable

Material used

32,000 Kgs

What would be the actual price per Kg of direct materials purchased in October?

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