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The information relating to the direct material cost of a company is as follows:Standard price per unit ?7.20Actual quantity purchased in units 1600Standard quantity allowed for actual production in units 1450Material price variance on purchase (Favourable) ?480What is the actual purchase price per unit?

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Syllabus (with weightage)
A. Cost Management 20%
B. Strategic Cost Management Tools and Techniques 50%
C. Strategic Cost Management - Application of Statistical Techniques in Business Decisions 30%

Related Test: CMA Intermediate Exam: Cost and Management Accounting


The information relating to the direct material cost of a company is as follows:<br>Standard price per unit ?7.20<br>Actual quantity purchased in units 1600<br>Standard quantity allowed for actual production in units 1450<br>Material price variance on purchase (Favourable) ?480<br>What is the actual purchase price per unit?






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