Futon Ltd. is a manufacturing company with the following cost information for one of its products: 4.67 Standard price per kilogram of direct materials 1350 Actual quantity of direct materials...


Futon Ltd. is a manufacturing company with the following cost information for one of<br>its products:<br>4.67<br>Standard price per kilogram of direct materials<br>1350<br>Actual quantity of direct materials purchased (in kg)<br>1950<br>Standard quantity allowed for actual production (in kg)<br>$ 305.00<br>Material purchase variance (favourable)<br>What is the actual purchase price per kg?<br>O a) $4.51<br>O b) $4.44<br>O c) $4.90<br>O d) $4.67<br>

Extracted text: Futon Ltd. is a manufacturing company with the following cost information for one of its products: 4.67 Standard price per kilogram of direct materials 1350 Actual quantity of direct materials purchased (in kg) 1950 Standard quantity allowed for actual production (in kg) $ 305.00 Material purchase variance (favourable) What is the actual purchase price per kg? O a) $4.51 O b) $4.44 O c) $4.90 O d) $4.67

Jun 09, 2022
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