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The information relating to the direct material cost of a company is as under:Standard Price per unit 3.6Actual quantity purchased in units 1600Standard quantity allowed for actual production in units 1450Material Price Variance on purchase (favourable)240What 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 under:<br>Standard Price per unit 3.6<br>Actual quantity purchased in units 1600<br>Standard quantity allowed for actual production in units 1450<br>Material Price Variance on purchase (favourable)240<br>What is the actual purchase price per unit?






 
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