Crescent Manufacturing's output for the current period was assigned a $300,000 standard direct materials cost. The direct materials variances included a $6,000 favorable price variance and a $4,000 unfavorable quantity variance. What is the actual total direct materials cost for the current period? a. $298,000. b. $302,000. c. $306,000. d. $294,000. e. $296,000.

Crescent Manufacturing's output for the current period was assigned a $300,000 standard direct materials cost. The direct materials variances included a $6,000 favorable price variance and a $4,000 unfavorable quantity variance. What is the actual total direct materials cost for the current period? a. $298,000. b. $302,000. c. $306,000. d. $294,000. e. $296,000.

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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