The following information summarizes the standard cost for producing one metal tennis racket frame at Spaulding Industries. In addition, the variances for one month's production are given. Assume that all inventory accounts have zero balances at the beginning of the month. Materials Direct Labor 3 hrs @ $2.00 Factory Overhead: Variable Fixed Variances: Material price Material quantity Labor rate Labor efficiency Multiple Choice Standard $8.24 Cost Per Unit $ 8.00 6.00 2.00 5.00 $21.00 $ 470.00 unfavorable $ 400.00 unfavorable $ 700.00 favorable $2,900.00 unfavorable Standard Monthly Costs $29,600 22,200 What was the actual price per unit paid for the direct material during the month, assuming all materials purchased were put into production? 7,400 18,500 $77,700

The following information summarizes the stondard cost for producing one metal lennis racket frame at Spaulding Industries. in addition, the varlances for one months production are glven. Assume that all invontory sccounts have zero balances at the beginning of the month. What was the actual price per unit paid for the direct material during the month, assuming all moterials purchased were put into production? Murtiple chace cis2a What was the actual price per unt paid for the direct material during the month, assuming all materials purchased were put into production? Multiple Choice 5824 5811 5813 $8.00