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the gorman company has established standards as follows. direct materials 3 lbs . @ 7 / lb . = $ 2 1 per unit direct

the gorman company has established standards as follows. direct materials 3lbs. @ 7/lb.= $21 per unit direct labor 2.5 hrs @ $8/hr.= $30 per unitActual production figures for the past year are given below. The company records the materials price variance when materials are purchased. Units produced-600Direct materials used -2,000 lbsDirect materials purchased (3,000 lbs)- $20,250Direct labor costs (1,100 hrs)- $9,240The actual price of direct materials paid by Gorman was?

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