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What was the actual purchase price per unit

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Reference no: EM133039398

Problem - A small component is purchased for the use in the production of a major product. The standard price of the component is $0.85. During a recent period, 6,800 units were purchased and 6,500 were actually used. The materials price variance was $544 unfavorable. The standard quantity of units allowed for the actual output of the period was 5,440 units. What was the actual purchase price per unit?

Reference no: EM133039398

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