The Swenson Company Has a Standard Costing System The Actual Price Per Pound of Direct Materials Purchased in Data

question 20

Multiple Choice

The Swenson Company has a standard costing system. The following data are available for June: $\begin{array}{l}\text { Actual quantity of direct materials purchased } &35,000 \text { pounds }\\\text { Standard price of direct materials } & £ 4 \text { per pound } \\\text { Material price variance } & £ 7,000 \text { unfavourable } \\\text { Material quantity variance } & £ 4,200 \text { tavourable }\end{array}$
The actual price per pound of direct materials purchased in June is

• A)£3.92.
• B)£4.32.
• C)£4.08.
• D)£4.20.

---

Definitions:

Hominins

Members of the human family tree, including modern humans and all our ancestors and relatives that are more closely related to us than to chimpanzees and bonobos.

Soft-Bodied Invertebrates

Invertebrate animals that lack a rigid skeletal structure, including organisms such as slugs, worms, and jellyfish.

Slimy Mucus

A thick, slippery secretion produced by mucus membranes to protect and lubricate surfaces.

Hagfish

Jawless marine fish known for their ability to produce a large amount of slime or mucus when disturbed.