10)

Jackson Industries has collected the following data for one of its products:

Direct Materials standard (6 lbs/unit at $0.55/lb): $3.30 per finished good

Direct Materials flexible budget variance - unfavorable: $12,000

Actual Direct Materials Used (AQU): 35,000 lbs

Actual finished goods produced: 26,000 units

What is the actual cost of the Direct Materials Used (AQU) per pound?

A) $2.11

B) $2.79

C) $2.45

D) $0.55