A company provides the following information: Standard price per unit of raw material = 5.50Actual quantity of raw materials purchased = 3,000…
CA Intermediate · Cost and Management Accounting · MTP · September 2025
A company provides the following information: Standard price per unit of raw material = 5.50Actual quantity of raw materials purchased = 3,000 kgStandard quantity for actual production = 3,200 kgMaterial price variance (favourable) = 600 What is the actual price per unit of raw materials?
Suggested Answer and Working Notes:
Correct Answer: Option (B)
₹ 5.30
Topics: Standard Costing
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