NU Company produces one product that has a standard material quantity of 0.8 yards per...
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Accounting
NU Company produces one product that has a standard material quantity of 0.8 yards per unit, and the standard unit price of materials is $5 per yard. The company budgeted to produce 60,000 units in December, but actual output for the month was 64,000 units. There was a material usage variance of $1,500 (unfavorable), and a materials price variance of $750 (favorable).
The actual price paid per yard of material during December is
Multiple Choice
A. $4.495
B. $5.135
C. $5.015
D. $4.985
E. some other answer
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