Machine Builders Inc. adopted a standard cost system several years ago that it uses in conjunction with its process cost system. The per-unit standard costs for direct materials and direct labor for its single product are as follows:The actual direct materials purchase price (AP) per kilogram in July (to two decimal places) was:
A) $8.80.
B) $9.90.
C) $10.00.
D) $10.10.
E) $11.80.

Question

Machine Builders Inc. adopted a standard cost system several years ago that it uses in conjunction with its process cost system. The per-unit standard costs for direct materials and direct labor for its single product are as follows:The actual direct materials purchase price (AP) per kilogram in July (to two decimal places) was:
A) $8.80. 
B) $9.90. 
C) $10.00. 
D) $10.10. 
E) $11.80.

Quizplus · Accepted Answer

The Answer of Machine Builders Inc. adopted a standard cost system several years ago that it uses in conjunction with its process cost system. The per-unit standard costs for direct materials and direct labor for its single product are as follows:The actual direct materials purchase price (AP) per kilogram in July (to two decimal places) was:
A) $8.80. 
B) $9.90. 
C) $10.00. 
D) $10.10. 
E) $11.80.