Solution-Find actual price per pound of direct materials

Find actual price per pound of direct materials purchased

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Reference no: EM132803821

Question - The Wright Company has a standard costing system. The following data are available for September:

Actual quantity of direct materials purchased 25,000 pounds

Standard price of direct materials £2 per pound

Material price variance £2,500 unfavourable

Find the actual price per pound of direct materials purchased in September?

a. £1.85.

b. £2.00.

c. £2.10.

d. £2.15.

Reference no: EM132803821

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Find actual price per pound of direct materials purchased

Reference no: EM132803821

Reference no: EM132803821

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