A Material Price Variance of $5000 (Unfavourable) for a Period

question 71

Multiple Choice

A material price variance of $5000 (unfavourable) for a period has been calculated. The actual unit price was $9.00. The actual quantity of material used was 6000. The standard quantity of materials was 5000. Calculate the standard unit price for a unit of raw materials for the period (round where necessary) .

• A) $5.00
• B) $8.00
• C) $8.17
• D) $9.83

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