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What was the actual purchase price per canoe during june

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Reference no: EM132806865

The Steward Canoe Company sells one type of canoe. The following data are available for June:

Actual quantity of canoes purchased and sold 300
Budgeted purchase price for canoes = $65
Variable cost price variance = $1,200 unfavorable
Variable 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

Reference no: EM132806865

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