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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:
a. $1.85
b. $2.00
c. $2.10
d. $2.15
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Principles Of Auditing An Introduction To International Standards On Auditing
Authors: Rick Stephan Hayes, Roger Dassen, Arnold Schilder, Philip Wallage
2nd Edition
0273684108, 978-0273684107
