The Swenson Company has a standard costing system. The following data are available for June:$\begin{array}{l}
\text { Actual quantity of direct materials purchased } &35,000 \text { pounds }\
\text { Standard price of direct materials } & £ 4 \text { per pound } \
\text { Material price variance } & £ 7,000 \text { unfavourable } \
\text { Material quantity variance } & £ 4,200 \text { tavourable }
\end{array}$
The actual price per pound of direct materials purchased in June is

A)£3.92.
B)£4.32.
C)£4.08.
D)£4.20.

Question

The Swenson Company has a standard costing system. The following data are available for June:$\begin{array}{l}
\text { Actual quantity of direct materials purchased } &35,000 \text { pounds }\
\text { Standard price of direct materials } & £ 4 \text { per pound } \
\text { Material price variance } & £ 7,000 \text { unfavourable } \
\text { Material quantity variance } & £ 4,200 \text { tavourable }
\end{array}$
The actual price per pound of direct materials purchased in June is

A)£3.92.
B)£4.32.
C)£4.08.
D)£4.20.

Quizplus · Accepted Answer

The Answer of The Swenson Company has a standard costing system. The following data are available for June:$\begin{array}{l}
\text { Actual quantity of direct materials purchased } &35,000 \text { pounds }\
\text { Standard price of direct materials } & £ 4 \text { per pound } \
\text { Material price variance } & £ 7,000 \text { unfavourable } \
\text { Material quantity variance } & £ 4,200 \text { tavourable }
\end{array}$
The actual price per pound of direct materials purchased in June is

A)£3.92.
B)£4.32.
C)£4.08.
D)£4.20.

The Swenson Company Has a Standard Costing System The Actual Price Per Pound of Direct Materials Purchased in Data