Question

The following standard direct material cost/unit has been established for product N90:     5 pounds of direct...

The following standard direct material cost/unit has been established for product N90:

    5 pounds of direct material at $10 per pound

During June 2,000 units of product N90 were made, and the quantity variance is favorable $2,000 and price variance is unfavorable $9,800. All direct material purchased in June was used for producing the 2,000 units. What was the actual price per pound of the direct material?

Group of answer choices

$9/pound

$9.8/pound

$10/pound

$11/pound

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