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What the actual price paid for gallon of direct material was

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Question 1: If 50,000 gallons of direct material was purchased and used to produce 11,000 units, the direct material standard is 5 gallons per unit, the material price variance was $5,000 unfavorable, and the material quantity variance was $3,000 favorable, the actual price paid for a gallon of direct material was:

Option 1: $0.50.

Option 2: $0.60.

Option 3: $0.70.

Option 4: None of the answers is correct.

Option 5: Not enough data to calculate.

Reference no: EM132529356

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