Martinez Manufacturing's output was assigned a $300,000 standard direct materials cost. The direct materials variances included a $8,000 unfavorable price variance and a $4,000 favorable quantity variance. What is the actual total direct materials cost for the period? a. $296,000 b. $304,000 c. $308,000 d. $292,000

Martinez Manufacturing's output was assigned a $300,000 standard direct materials cost. The direct materials variances included a $8,000 unfavorable price variance and a $4,000 favorable quantity variance. What is the actual total direct materials cost for the period? a. $296,000 b. $304,000 c. $308,000 d. $292,000

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter10: Standard Costing And Variance Analysis

Section: Chapter Questions

Problem 68P: The management of Golding Company has determined that the cost to investigate a variance produced by...

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What is the actual total direct materials cost for the current period?
What is the actual total direct materials cost for the current period?
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Juan Company’s output for the current period was assigned a $150,000 standard direct materials cost. The direct materials variances included a $12,000 favorable price variance and a $2,000 favorable quantity variance. What is the actual total direct materials cost for the current period?