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Miller Manufacturing has a standard direct materials cost of $250,000 for the current production period. The direct materials variances include: . • Favorable Price Variance: $7,000 Unfavorable Quantity Variance: $4,500 Calculate the actual total direct materials cost for the current period: a. $247,500 b. $239,500 c. $254,500 d. $242,000 e. $260,000

Miller Manufacturing has a standard direct materials cost of $250,000 for the current production period. The direct materials variances include: . • Favorable Price Variance: $7,000 Unfavorable Quantity Variance: $4,500 Calculate the actual total direct materials cost for the current period: a. $247,500 b. $239,500 c. $254,500 d. $242,000 e. $260,000

Principles of Accounting Volume 2
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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Miller Manufacturing has a standard direct materials cost of $250,000 for the current production period. The direct materials variances include: . • Favorable Price Variance: $7,000 Unfavorable Quantity Variance: $4,500 Calculate the actual total direct materials cost for the current period: a. $247,500 b. $239,500 c. $254,500 d. $242,000 e. $260,000
Transcribed Image Text:Miller Manufacturing has a standard direct materials cost of $250,000 for the current production period. The direct materials variances include: . • Favorable Price Variance: $7,000 Unfavorable Quantity Variance: $4,500 Calculate the actual total direct materials cost for the current period: a. $247,500 b. $239,500 c. $254,500 d. $242,000 e. $260,000
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