Question: Problem 2: Material Variance Katrina Company's direct material costs are as follows: Standard unit price Actual quantity purchased Standard quantity allowed for actual production Materials

Problem 2: Material Variance Katrina Company's

Problem 2: Material Variance Katrina Company's direct material costs are as follows: Standard unit price Actual quantity purchased Standard quantity allowed for actual production Materials purchase price variance - favorable P 3.60 1.600 1,450 P 240 Required: Compute the actual purchase price per unit, rounded to the nearest centavos

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