A company has the following information available about one of its products:
$\begin{array}{ll}
\text { Standard price per pound of input } & ? \
\text { Actual price per pound of input } & \$ 27 \
\text { Standard inputs per unit of output } & 3 \text { pounds } \
\text { Actual units of output } & 3,000 \
\text { Direct Materials Price Variance } & \$ 18,000 \mathrm{~F} \
\text { Actual pounds of input used } & 9,000
\end{array}$
What is the standard price per pound of input?
A) $25
B) $27
C) $29
D) $33

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The Answer of A company has the following information available about one of its products:
$\begin{array}{ll}
\text { Standard price per pound of input } & ? \
\text { Actual price per pound of input } & \$ 27 \
\text { Standard inputs per unit of output } & 3 \text { pounds } \
\text { Actual units of output } & 3,000 \
\text { Direct Materials Price Variance } & \$ 18,000 \mathrm{~F} \
\text { Actual pounds of input used } & 9,000
\end{array}$
What is the standard price per pound of input?
A) $25
B) $27
C) $29
D) $33

A Company Has the Following Information Available About One of Its