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

## Question:

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

 Actual quantity of direct materials purchased 24,000 pounds Standard price of direct materials $6.00 per pound Material price variance$6,000 Unfavorable Material quantity variance $2,400 Favorable The actual price per pound of direct materials purchased in June was: A)$6.10 per pound

B) $5.90 per pound C)$6.25 per pound

D) \$6.30 per pound

Material Price variance = Actual quantity * (Actual price - Standard price)

6,000 = 24,000 * (Actual price - 6)

Actual price - 6 = 6,000/ 24,000

Actual price - 6 = 1/ 4

Actual price = 0.25 + 6

Actual price = 6.25