Suver Corporation has a standard costing system. The following data are available for June
Actual quantity of direct materials purchased 20,000 pounds.
standard price of direct materials $ 7.00 per pound.
Material price variance $ 5,000 Unfavorable
Material quantity variance S 2,500 Favorable
The actual price per pound of direct materials purchased in June was:
Multiple Choice
A. $7.00 per pound.
B. $6.68 per pound.
C. $7.25 per pound.
D. $7.32 per pound.
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