question archive Assume the following: The actual price per pound is $2
Assume the following: The actual price per pound is $2
Subject:AccountingPrice: Bought3
Assume the following:
The actual price per pound is $2.25.
The standard quantity of pounds allowed per unit of finished goods is 4 pounds.
The actual quantity of materials purchased and used in production is 50,000 pounds.
The materials price variance is $12,500 U.
The company produced 13,000 units of finished goods during the period.
What is the standard price per pound for direct materials?
Multiple Choice
O $2.00
O $2.15
O $2.20
O $2.10
