The Bowden Corporation makes a single product. Only one kind of direct material is used to make this product. The company uses a standard cost system. The company's cost records for June show the following data: Number of units produced 10,000 Material price variance$8,400FavorableMaterial quantity variance$8,000UnfavorableActual direct material purchased and used 21,000poundsDirect materials standard price$8per pound?There were no beginning inventories of direct materials.?The actual cost of direct material was:
A. $7.60 per pound
B. $7.42 per pounds
C. $8.12 per pound
D. $8.00 per pound
Answer: A
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