Explain the price per pound of direct materials purchased, Accounting Basics

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Explain the price per pound of direct materials purchased

The Wright Company has a standard costing system. The following data are available for September: Actual quantity of direct materials purchased 50,000 pounds Standard price of direct materials $ 4 per pound Material price variance $9,000 unfavorable The actual price per pound of direct materials purchased in September is: (Round your answer to 2 decimal places.)

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Accounting Basics: Explain the price per pound of direct materials purchased

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Request for Solution File

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Accounting Basics: Explain the price per pound of direct materials purchased

Reference No:- TGS0682940

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Capacity to produce the additional units

Q : Determine the amount of overhead assigned

Q : How much is the incremental cost or savings

Q : Explain the process units are produced

Q : Explain the price per pound of direct materials purchased

Q : Use of the new computer

Q : Calculate the accrued salaries and wages on unadjusted

Q : Discuss the labor rate variance for the month

Q : How to use activity-based costing

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Explain the price per pound of direct materials purchased

Reference No:- TGS0682940

Recent Questions Asked Accounting Basics

Q : Capacity to produce the additional units

Q : Determine the amount of overhead assigned

Q : How much is the incremental cost or savings

Q : Explain the process units are produced

Q : Explain the price per pound of direct materials purchased

Q : Use of the new computer

Q : Calculate the accrued salaries and wages on unadjusted

Q : Discuss the labor rate variance for the month

Q : How to use activity-based costing

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