Question
The following information pertains to the standard costing system of Brinkley Company for April 2017. Actual quantity of direct materials purchased 20,000 pounds Standard price
The following information pertains to the standard costing system of Brinkley Company for April 2017.
| Actual quantity of direct materials purchased | 20,000 | pounds |
| Standard price of direct materials | $ 3.00 | per pound |
| Material price variance | $ 4,000 | unfavorable |
| Material quantity variance | $ 3,500 | favorable |
Actual price per pound of direct materials purchased in April is:
| A. | $3.03 | |
| B. | $3.18 | |
| C. | $3.20 | |
| D. | $2.98 |
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Understanding The Use Of Financial Accounting Provisions In Private Acquisition Agreements
Authors: Mark L. Stoneman
1st Edition
1627222731, 978-1627222730
