Montrose Processing Corporation has the following information regarding direct materials:
Actual pounds of direct materials
purchased and used 42,000
Standard quantity of direct materials 2 pounds per finished good
Actual production 21,000 finished goods
Direct materials efficiency variance $12,000 F
Direct materials price variance $8,000 U
Compute Jeremy's standard price per pound and actual price per pound of direct materials.

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The Answer of  Montrose Processing Corporation has the following information regarding direct materials:
Actual pounds of direct materials
purchased and used 42,000
Standard quantity of direct materials 2 pounds per finished good
Actual production 21,000 finished goods
Direct materials efficiency variance $12,000 F
Direct materials price variance $8,000 U
Compute Jeremy's standard price per pound and actual price per pound of direct materials.

Montrose Processing Corporation Has the Following Information Regarding Direct Materials