Can you solve this general accounting question with the appropriate accounting analysis techniques? Ridge Manufacturing assigned a standard material costof $150,000 to its output. It had a $2,000 favorableprice variance and a $1,500 unfavorable quantityvariance.What is the actual total direct materials cost?

Step 1: Define Actual Total Direct Materials CostThe actual total direct materials cost is the…

Answered: Ridge Manufacturing assigned a standard…

Excel Applications for Accounting Principles

4th Edition

ISBN:9781111581565

Author:Gaylord N. Smith

Publisher:Gaylord N. Smith

Chapter24: Material And Labor Variances (primevar)

Section: Chapter Questions

Problem 1R

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Ridge Manufacturing assigned a standard material cost of $150,000 to its output. It had a $2,000 favorable price variance and a $1,500 unfavorable quantity variance. What is the actual total direct materials cost?