Determining the actual purchase price

Determining the actual purchase price

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Reference no: EM139816

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: EM139816

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