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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Introduction To Financial Accounting
Authors: CHARLES T. HORNGREN AND ET ALL.
11th Edition
9352862473, 978-9352862474
