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The Wright Company has a standard costing system. The following data are available for September: Actual quantity of direct materials purchased 25,000 pounds Standard price
The Wright Company has a standard costing system. The following data are available for September: |
| Actual quantity of direct materials purchased | 25,000 | pounds |
| Standard price of direct materials | $ 2 | per pound |
| Material price variance | $2,500 | unfavorable |
The actual price per pound of direct materials purchased in September is: |
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