Actual purchase price per unit of materials


Assignment:

1) Compute the actual hours worked, rounded to the nearest hour.

2) Compute the actual purchase price per unit of materials, rounded to the nearest penny

Standard direct labor rate                                $14.00
Actual direct-labor rate                                     $12.20
Standard direct-labor hours                                12,000
Direct-labor usage variance-unfavorable            $14,140
Standard unit price of material                             $4.50
Actual quantity purchased and used                      1,800
Standard quantity allowed for actual production     1,650
Materials purchase price varieance-favorable          $288

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Accounting Basics: Actual purchase price per unit of materials
Reference No:- TGS01937516

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