Blue Ridge Industries assigned a $200,000 standard direct materials cost for its current period output. The direct materials variances included a $5,000 favorable price variance and a $3,000 unfavorable quantity variance. What is the actual total direct materials cost for the current period?

Blue Ridge Industries assigned a $200,000 standard direct materials cost for its current period output. The direct materials variances included a $5,000 favorable price variance and a $3,000 unfavorable quantity variance. What is the actual total direct materials cost for the current period?

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter8: Standard Costs And Variances

Section: Chapter Questions

Problem 13PA: Recompute the variances from the second Acme Inc. exercise using $0.0725 as the standard cost of the...

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Question

I am trying to find the accurate solution to this general accounting problem with the correct explanation.

Blue Ridge Industries assigned a $200,000 standard
direct materials cost for its current period output.
The direct materials variances included a $5,000
favorable price variance and a $3,000 unfavorable
quantity variance. What is the actual total direct
materials cost for the current period?

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What is cost for the current period ?
What is the actual total direct materials cost?
What is the actual total direct materials cost for the current period?
What is the actual total direct materials cost?
The actual total direct material cost for the current period ?
what is the actual total direct materials for the current period ?? accounting
What is the actual total direct materials cost?
What is the actual direct material cost