Titan Manufacturing's output for the current period was assigned a $150,000 standard direct materials cost. The direct materials variances included a $4,000 favorable price variance and a $2,500 unfavorable quantity variance. What is the actual total direct materials cost for the current period?

Titan Manufacturing's output for the current period was assigned a $150,000 standard direct materials cost. The direct materials variances included a $4,000 favorable price variance and a $2,500 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 4E: The following data relate to the direct materials cost for the production of 50,000 automobile...

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Question

General Accounting Question please answer

Titan Manufacturing's output for the current period was assigned a $150,000
standard direct materials cost. The direct materials variances included a
$4,000 favorable price variance and a $2,500 unfavorable quantity variance.
What is the actual total direct materials cost for the current period?

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