The Bowden Corporation Makes a Single Product

Multiple Choice

The Bowden Corporation makes a single product. Only one kind of direct material is used to make this product. The company uses a standard cost system. The company's cost records for June show the following data: There were no beginning inventories of direct materials.The actual cost of direct material was:

A) $8.12 per pound
B) $8.00 per pound
C) $7.60 per pound
D) $7.42 per pound