Marcos Manufacturing assigned a $220,000 standard direct materials cost to its output for the current period. The direct materials variances included a $15,000 favorable price variance and a $3,500 favorable quantity variance. What is the actual total direct materials cost for the current period?
Marcos Manufacturing assigned a $220,000 standard direct materials cost to its output for the current period. The direct materials variances included a $15,000 favorable price variance and a $3,500 favorable quantity variance. What is the actual total direct materials cost for the current period?
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
What is the actual total direct materials cost?
Transcribed Image Text:Marcos
Manufacturing
assigned
a
$220,000 standard direct materials cost
to its output for the current period. The
direct materials variances included a
$15,000 favorable price variance and a
$3,500 favorable quantity variance.
What is the actual total direct materials
cost for the current period?
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