1 answer

QS 8-10 Materials cost variances LO P2 Juan Company's output for the current period was assigned...

Question:

QS 8-10 Materials cost variances LO P2 Juan Companys output for the current period was assigned a $160,000 standard direct m
QS 8-10 Materials cost variances LO P2 Juan Company's output for the current period was assigned a $160,000 standard direct materials cost. The direct materlals variances included a $14,000 favorable price variance and a $2700 favorable quantity variance. What is the actual total direct materials cost for the current period? Actual total direct materials cost

Answers

Answer

  • Actual total direct material cost = Standard cost – Favourable variances + Unfavourable Variances
    = $ 160000 - $ 14000 price variance F - $ 2700 quantity variance F
    = 160000 – 14000 – 2700
    = $ 143,300 Answer
.

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