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Question(s) / Instruction(s):

A small component is purchased for the use in the production of a major product. The standard price of the component is $0.85. During a recent period, 6,800 units of the small component were purchased and the materials price variance was $544 unfavorable. The standard number of units of the small component allowed for the actual output of the period was 5,440 units. What was the actual purchase price per unit? A) $0.75 B) $0.77 C) $0.93 D) $0.95

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