Solution-What is the actual price paid by rexford to

What is the actual price paid by rexford to purchase

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Reference no: EM132548874

Below is the information about Rexford Corporation's direct material cost.

Standard price of direct material per ounce $35 per ounce

Actual quantity of materials purchased 420 ounces

Actual quantity of materials used 400 ounces

Standard quantity allowed for actual output 360 ounces

Direct material price variance $2,100 Unfavorable

Question 1: What is the actual price paid by Rexford to purchase an ounce of direct material?

Group of answer choices

Option 1: $31.5

Option 2: $35

Option 3: $30

Option 4: $40

Reference no: EM132548874

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What is the actual price paid by rexford to purchase

Reference no: EM132548874

Reference no: EM132548874

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