Question - Jackson Industries has collected the following data for one of its products:
Direct Materials standard (6 lbs/unit at $0.55/lb): $3.30 per finished good
Direct Materials flexible budget variance - unfavorable: $12,000
Actual Direct Materials Used (AQU): 35,000 lbs
Actual finished goods produced: 26,000 units
What is the actual cost of the Direct Materials Used (AQU) per pound?
A) $2.11
B) $2.79
C) $2.45
D) $0.55