What is the actual price per pound for the period, Accounting Basics

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What is the actual price per pound for the period

Problem: WhatFor Ltd.'s output for the current period is 25,000 units. The standard price per pound is $6.00 and the standard quantity is 1.8 pounds per unit of output. The production manager noted a $10,500 favorable direct material quantity variance and an $11,125 unfavorable DM cost variance for the period. What is the actual price per pound for the period (rounded to the nearest two decimal places)? Group of answer choices $6.50 $6.26 $6.01 $5.99 $5.50

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Accounting Basics: What is the actual price per pound for the period

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Accounting Basics: What is the actual price per pound for the period

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