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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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