Information about direct materials cost follows for Jennings Chemicals: Standard price per gallon Actual quantity used...

Transcribed Image Text:

Information about direct materials cost follows for Jennings Chemicals: Standard price per gallon Actual quantity used Standard quantity allowed for production Price variance Required: What was the actual purchase price per gallon? Note: Round your answer to 2 decimal places. Actual purchase price per gallon $ 56 4,730 gallons 4,760 gallons $ 24,123 U Information about direct materials cost follows for Jennings Chemicals: Standard price per gallon Actual quantity used Standard quantity allowed for production Price variance Required: What was the actual purchase price per gallon? Note: Round your answer to 2 decimal places. Actual purchase price per gallon $ 56 4,730 gallons 4,760 gallons $ 24,123 U

Answer rating: 100% (QA)

Given Information Standard price per gallon 56 Actual quantity used ... View the full answer