I want to correct answer general accounting Juan Company's output for the current period was assigneda $190,000 standard direct materials cost. The direct materialsvariances included a $19,000 favorable price variance anda $2,700 favorable quantity variance. What is the actual totaldirect materials cost for the current period?

Step 1: Define Material Cost"Material cost" refers to the value of raw materials used by the…

Answered: Juan Company's output for the current…

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter9: Evaluating Variances From Standard Costs

Section: Chapter Questions

Problem 22E

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need correct solutions
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Assume the following information (the quantity of materials purchased the quantity used): Actual total cost of direct materials Direct materials price variance Standard quantity of materials allowed per unit Standard price per pound of material Standard rate per direct labor hour Actual total direct labor hours Direct labor efficiency variance Standard number of direct labor hours allowed per unit. Direct labor spending variance What is the standard price (SP) per pound of materials? $ 65,560 $ 5,960 U 3 pounds $ 4.00 $ 5.00 6,500 $ 3,500 F 2 hours $ 400 U

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Juan Company's output for the current period was assigned a $190,000 standard direct materials cost. The direct materials variances included a $19,000 favorable price variance and a $2,700 favorable quantity variance. What is the actual total direct materials cost for the current period?