Riverside Corporation's output for the current period was assigned a $420,000 standard direct materials cost. The direct materials variances included a $9,600 favorable price variance and a $15,800 unfavorable quantity variance. What is the actual total direct materials cost for the current period?
Riverside Corporation's output for the current period was assigned a $420,000 standard direct materials cost. The direct materials variances included a $9,600 favorable price variance and a $15,800 unfavorable quantity variance. What is the actual total direct materials cost for the current period?
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter9: Evaluating Variances From Standard Costs
Section: Chapter Questions
Problem 22E
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Transcribed Image Text:Riverside Corporation's output for the current period was assigned a $420,000
standard direct materials cost. The direct materials variances included a $9,600
favorable price variance and a $15,800 unfavorable quantity variance. What is
the actual total direct materials cost for the current period?
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