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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 50,000 pounds Standard price
The Swenson Corporation has a standard costing system. The following data are available for June: |
Actual quantity of direct materials purchased | 50,000 | pounds |
Standard price of direct materials | $4 | per pound |
Material price variance | $6,000 | unfavorable |
Material quantity variance | $2,500 | favorable |
The actual price per pound of direct materials purchased in June is: (Round your answer to 2 decimal places.) |
A) $3.85
B) $4.00
C) $4.12
D) $4.15
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