Question: Problem 16-61 (Algo) Direct Materials (LO 16-5) Information about direct materials cost follows for a local company: Standard price per materials gram Actual quantity used

Problem 16-61 (Algo) Direct Materials (LO 16-5) Information about direct materials

Problem 16-61 (Algo) Direct Materials (LO 16-5) Information about direct materials cost follows for a local company: Standard price per materials gram Actual quantity used Standard quantity allowed for production Price variance 16 2,380 grams 2,500 grams $11,900 F Required: What was the actual purchase price per gram? Actual purchase price per gram

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