Martinez Company's output for the current period was assigned a $150,000 standard direct materials cost. The direct materials variances included a $4,000 unfavorable price variance and a $2,000 favorable quantity variance. What is the actual total direct materials cost for the current period? a. $156,000 b. $152,000 c. $148,000 d. $144,000 e. $146,000

Martinez Company's output for the current period was assigned a $150,000 standard direct materials cost. The direct materials variances included a $4,000 unfavorable price variance and a $2,000 favorable quantity variance. What is the actual total direct materials cost for the current period? a. $156,000 b. $152,000 c. $148,000 d. $144,000 e. $146,000

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter9: Standard Costing: A Functional-based Control Approach

Section: Chapter Questions

Problem 4CE: Kavallia Company set a standard cost for one item at 328,000; allowable deviation is 14,500. Actual...

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