A Company Has the Following Information Available About One of Its

Multiple Choice

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