The Swenson Company has a standard costing system. The following data are available for June: Actual quantity of direct materials purchased 35,000 pounds Standard price of direct materials £4 per pound Material price variance £7.000 unfavourable Material quantity variance £4,200 favourable The actual price per pound of direct materials purchased in June is: A. £3.92 B. £4.20 C. £4.08

Principles of Accounting Volume 2
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Chapter8: Standard Costs And Variances
Section: Chapter Questions
Problem 4PA: April Industries employs a standard costing system in the manufacturing of its sole product, a park...
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The Swenson Company has a standard costing system. The following data are
available for June:
Actual quantity of direct materials purchased
35,000 pounds


Standard price of direct materials
£4 per pound


Material price variance
£7.000 unfavourable


Material quantity variance
£4,200 favourable


The actual price per pound of direct materials purchased in June is:
A. £3.92
B. £4.20
C. £4.08
D. £4.32

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