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.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Suver Corporation has a standard costing system. The following data are available for June Actual quantity of direct materials purchased ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Danielle, a calendar year taxpayer, lists her principal residence with a realtor on February 7, 2019, enters into a contract to sell on July 12, 2019, and sells (i. e., the closing date) the residence on August 1, 2019.
Answers (1)
Which one of the following statements contains a metaphor a. the mighty oak is the king of the forest world b. she was like a bird in a cage c. The water shone like a thousand diamonds d. My dream vanished as a puff of smoke
Answers (1)
Suppose that in southlandia, frictional unemployment is 2%, structural unemployment is 3%, and cyclical unemployment is 4%. what is the natural rate of unemployment in southlandia?
Answers (1)
Which of the following statements is correct with respect to the sale of a depreciable asset? Multiple Choice A gain occurs when the selling price exceeds book value. A sale for a loss results in an increase in total assets.
Answers (1)
In what type of economy are all businesses state owned, the rationale being that the government can then direct them to make investments that are in the best interests of the nation as a whole rather than in the interests of private individuals
Answers (1)
New Questions in Business
Coins, currency, demand deposits and travelers checks fit what definition of money supply? a. M1 b. M2 c. M3 d. M4
Answers (1)
Which of the following lists correctly orders assets from most liquid to least liquid? Savings deposits, paper currency, house, stocks Paper currency, savings deposits, stocks, house Stocks, house, paper currency, savings deposits Stocks, paper
Answers (1)
Real risk-free rate is 2.25% (r*). Inflation is expected to be 2.5% (IP) this year and 4.25% during the next 2 years. Assume maturity risk premium is 0. What is the yield on 2 year Treasury securities.
Answers (1)
Micron owns 35% of Martok. Martok pays a total of $47,000 in cash dividends for the period. Micron's entry to record the dividend transaction would include a: Credit to Long-Term Investments for $16,450. Debit to Long-Term Investments for $16,450.
Answers (1)
M10-14 Analyzing the Impact of Transactions on the Debt-to-Assets Ratio [LO 10-5] BSO, Inc., has assets of $600,000 and liabilities of $450,000 resulting in a debt-to-assets ratio of 0.75.
Answers (1)