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uve Suver Corporation has a standard costing system. The following data are available for June: Actual quantity of direct materials purchased 50,000 pounds Standard price
uve Suver Corporation has a standard costing system. The following data are available for June: Actual quantity of direct materials purchased 50,000 pounds Standard price of direct materials $ 6.00 per pound Material price variance $ 5,000 unfavorable Material quantity variance $ 1,500 Favorable The actual price per pound of direct materials qurchased in June was: Multiple Choice $6.13 per pound $5.87 per pound $6.00 per pound $6.10 per pound
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