Parker Industries' output for the quarter was assigned a $280,000 standard direct materials cost. The direct materials variances included a $6,300 unfavorable price variance and a $3,500 favorable quantity variance. What is the actual total direct materials cost for the quarter? a. $270,200 b. $276,800 c. $282,800 d. $289,800 e. $286,300

Parker Industries' output for the quarter was assigned a $280,000 standard direct materials cost. The direct materials variances included a $6,300 unfavorable price variance and a $3,500 favorable quantity variance. What is the actual total direct materials cost for the quarter? a. $270,200 b. $276,800 c. $282,800 d. $289,800 e. $286,300

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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