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Timez Corporation has a standard costing system. The following data are available for June: Actual quantity of direct materials purchased 24,000 pounds Standard price of

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

Actual quantity of direct materials purchased

24,000

pounds

Standard price of direct materials

$

6.00

per pound

Material price variance

$

6,000

Unfavorable

Material quantity variance

$

2,400

Favorable

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

A) $6.10 per pound

B) $5.90 per pound

C) $6.25 per pound

D) $6.30 per pound

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