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Calculate the actual purchase price

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Question - High & Dry's standard price for direct materials is $3.60 per unit. Last period, the actual quantity used was 1,600 units with a favorable materials price variance of $240. The actual purchase price per unit was

a. $3.75

b. $3.60

c. $3.45

d. $3.30

Reference no: EM131876043

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