Question
The Wright Company has a standard costing system. The following data are available for September: Actual quantity of direct materials purchased 30,000 pounds Standard price
The Wright Company has a standard costing system. The following data are available for September:
| Actual quantity of direct materials purchased | 30,000 | pounds |
| Standard price of direct materials | $5 | per pound |
| Material price variance | $3,000 | unfavorable |
| Material quantity variance | $2,000 | favorable |
| The actual price per pound of direct materials purchased in September is: (Round your answer to 2 decimal places.) |
a. $5.00
b. $5.10
c. $5.14
d. $4.86
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Auditing Electronics Data Processing Systems
Authors: WATNE
1st Edition
0130516163, 978-0130516169
