Wheeler Corporation has a standard costing system. The following data are available for November: Category Amount Actual quantity of direct materials 40,000 pounds purchased Standard price of direct materials $4.50 per pound $4,800 Material price variance Material quantity variance unfavorable $3,200 favorable The actual price per pound of direct materials purchased in November is.

Wheeler Corporation has a standard costing system. The following data are available for November: Category Amount Actual quantity of direct materials 40,000 pounds purchased Standard price of direct materials $4.50 per pound $4,800 Material price variance Material quantity variance unfavorable $3,200 favorable The actual price per pound of direct materials purchased in November is.

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter3: Cost Behavior And Cost Forecasting

Section: Chapter Questions

Problem 60P: Scattergraph, High-Low Method, and Predicting Cost for a Different Time Period from the One Used to...

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