Suver corporation has a standard costing system. the following data are available for june
actual quantity of direct materials purchased 20,000 pounds.
standard price of direct materials $ 7.00 per pound.
material price variance $ 5,000 unfavorable
material quantity variance s 2,500 favorable
the actual price per pound of direct materials purchased in june was:
multiple choice
a. $7.00 per pound.
b. $6.68 per pound.
c. $7.25 per pound.
d. $7.32 per pound.

The correct answer is C.

Explanation:

Giving the following information:

The actual quantity of direct materials purchased 20,000 pounds.

standard price of direct materials $ 7.00 per pound.

Material price variance $ 5,000 Unfavorable.

Material quantity variance S 2,500 Favorable.

Direct material price variance= (standard price - actual price)*actual quantity

-5,000= (7 - AP)*20,000

5,000= 140,000 - 20,000AP

20,000= 145,000AP

Actual price= 7.25

answer; ///(d) stand out from all of the others;

the answer is b. the events might happen and are based on crimes.