Company has collected the following data for one of its products:
What is the total actual cost of the direct materials used?

Name: Company has collected the following data for one of its products: What is the total actual cost of the direct materials used?
Brand: Quizplus
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Question

Company has collected the following data for one of its products:
 What is the total actual cost of the direct materials used?

Quizplus · Accepted Answer

Calculations:
DM Efficiency Variance = $1(100,000 - (3 x 25,000)) = $ 25,000 U.
DM Price Variance = $14,000U (flexible budget variance) - 25,000 U= $ 11,000 F
Total Actual Cost of DM used = $ 100,000 (1 x 100,000) -11,000 = $ 89,000

Company Has Collected the Following Data for One of Its