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Suver Corporation has a standard costing system. The following data are available for June: Actual...

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Accounting

Suver Corporation has a standard costing system. The following data are available for June:
Actual quantity of direct materials purchased
20,000 pounds
Standard price of direct materials
$3.00 per pound
Material price variance
$2,000 Unfavorable
Material quantity variance
$4,000 Favorable
The actual price per pound of direct materials purchased in June was:
Multiple Choice
$3.00 per pound
$3.17 per pound
$3.10 per pound
$2.83 per pound
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