Business

21 July, 00:11

During the month of March, Baker's Express purchased 10,000 pounds of flour at $1 per pound. The production department used 9,500 pounds of flour to produce 100,000 biscuits. At the end of March, Baker's Express found it had a favorable materials price variance of $500. The standard cost per pound must be:

a. $1.00

b. $1.95

c. $1.05

d. $0.95

e. none of the above

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