A Material Price Variance of $5000 (Unfavourable) for a Period

Multiple Choice

A material price variance of $5000 (unfavourable) for a period has been calculated. The actual unit price was $9.00. The actual quantity of material used was 6000. The standard quantity of materials was 5000. Calculate the standard unit price for a unit of raw materials for the period (round where necessary) .

A) $5.00
B) $8.00
C) $8.17
D) $9.83