The actual total direct material cost for the current period ? Sanchez Company's output for thecurrent period was assigned a $350,000standard direct materials cost. The directmaterials variances included a $36,000favorable price variance and a $29,000unfavorable quantity variance. What isthe actual total direct materials cost forthe current period?

Explanation of Standard Direct Materials Cost:Standard direct materials cost represents the expected…

Answered: Sanchez Company's output for the…

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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Sanchez Company's output for the current period was assigned a $350,000 standard direct materials cost. The direct materials variances included a $36,000 favorable price variance and a $29,000 unfavorable quantity variance. What is the actual total direct materials cost for the current period?