The Following Material Budgets Have Been Developed for the Criders

question 4

Multiple Choice

The following material budgets have been developed for the Criders Company. $\begin{array}{ll}\text { Price per pound } & \$ 6.50 \\\text { Pounds per unit } & 1 \\\text { Purchase price variance } & \$ 3,200 \text { unfavorable }\end{array}$ If the company purchased 16,000 units, the actual price per pound of material purchased must have been:

• A)$6.70
• B)$5.00
• C)$6.30
• D)$5.80

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