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The Swenson Corporation has a standard costing system. The following data are available for June: Actual quantity of direct materials purchased 35,000 pounds Standard price

The Swenson Corporation has a standard costing system. The following data are available for June:

Actual quantity of direct materials purchased

35,000

pounds

Standard price of direct materials

$4

per pound

Material price variance

$7,000

unfavorable

Material quantity variance

$4,200

favorable

The actual price per pound of direct materials purchased in June is: ____________________________

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