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The Steward Canoe Company sells one type of canoe. The following data are available for June:
Actual quantity of canoes purchased and sold 300Budgeted purchase price for canoes = $65Variable cost price variance = $1,200 unfavorableVariable cost volume variance = $3,250 unfavorable
Problem 1: What was the actual purchase price per canoe during June?
Option 1: $69.00
Option 2: $70.20
Option 3: $73.50
Option 4: $57.00
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