Material Variance

Question: Katrina Company’s direct material costs are as follows: Standard unit price                                                                P  3.60 Actual quantity purchased                                                     1,600 Standard quantity allowed for actual production              1,450 Materials purchase price variance — favorable               P   240 Required: Compute the actual purchase price per unit, rounded to the nearest centavos. Solved! Get completed solution by your friendly study co-pilot. Add […]