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Posted: **Mon May 02, 2022 6:33 am**

: 10 The Regal Blue Company Has A Standard Costing System In June The Standard Quantity Of Direct Materials Purchased W 1 (15.54 KiB) Viewed 26 times

: 10 The Regal Blue Company Has A Standard Costing System In June The Standard Quantity Of Direct Materials Purchased W 2 (15.54 KiB) Viewed 26 times

10. The Regal Blue company has a standard costing system. In June, the standard quantity of direct materials purchased was 35,000 pounds at a standard price of $4/1b. The material price variance was $7,000, unfavorable while the material quantity variance was $4,200, favorable. Therefore, the actual price per pound of the direct materials purchased in June was: a. $3.92 b. $4.32 c. $3.85 d. $4.08 $4.20