Explore BrainMass

Explore BrainMass

    Actual purchase price per unit of materials

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    1) Compute the actual hours worked, rounded to the nearest hour.
    2) Compute the actual purchase price per unit of materials, rounded to the nearest penny

    Standard direct labor rate $14.00
    Actual direct-labor rate $ 12.20
    Standard direct-labor hours 12,000
    Direct-labor usage variance-unfavorable $14,140
    Standard unit price of materials $ 4.50
    Actual quantity purchased and used 1,800
    Standard quantity allowed for actual production 1,650
    Materials purchase price varieance-favorable $288

    © BrainMass Inc. brainmass.com June 3, 2020, 6:47 pm ad1c9bdddf
    https://brainmass.com/business/accounting/actual-purchase-price-per-unit-materials-75296

    Solution Preview

    1) Compute the actual hours worked, rounded to the nearest hour.
    2) Compute the actual purchase price per unit of materials, rounded to the ...

    Solution Summary

    This provides the steps to calculate the actual purchase price per unit of materials.

    $2.19

    ADVERTISEMENT