A review of Sunshines accounting records at the end of the period disclosed a material...
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Accounting
A review of Sunshines accounting records at the end of the period disclosed a material usage variance of $3,000 favorable and a material price variance of $4,500 favorable. Sunshine produced 11,000 finished units of product. Each finished unit had a standard of five gallons of direct material, and the standard price per gallon of direct material is $0.3. What was the actual price paid for a gallon of direct material?
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