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.