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Suver Corporation has a standard costing system. The following data are available for June:Actual ...

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Suver Corporation has a standard costing system. The following data are available for June:Actual ...

Suver Corporation has a standard costing system. The following data are available for June:

Actual quantity of direct materials purchased	40,000	pounds
Standard price of direct materials	$ 8.00	per pound
Material price variance	$ 4,000	Unfavorable
Material quantity variance	$ 3,500	Favorable

The actual price per pound of direct materials purchased in June was:(Round your intermediate calculations to 2 decimal places.)

▸ $7.87 per pound

▸ $8.00 per pound

▸ $8.10 per pound

▸ $8.13 per pound

Textbook

Introduction to Managerial Accounting: Brewer Edition: 9e

Edition: 9^th

Authors: Brewer, Garrison, Noreen

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Smart ... Thanks!

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