Grayson Industries has collected the following data for one of its products: $$\begin{array} { | l | l | }
\hline \text { Direct materials standard (4 pounds per unit @ \$0.50/b.) } & \$ 2 \text { per finished good } \
\hline \text { Direct materials flexible budget variance-unfavorable } & \$ 10,000 \
\hline \text { Actual direct materials used } & 40,000 \text { pounds } \
\hline \text { Actual firished goods produced } & 24,000 \text { urits } \
\hline
\end{array}$$
-What is the total actual cost of the direct materials used?

Question

Grayson Industries has collected the following data for one of its products: $$\begin{array} { | l | l | } 
\hline \text { Direct materials standard (4 pounds per unit @ \$0.50/b.) } & \$ 2 \text { per finished good } \
\hline \text { Direct materials flexible budget variance-unfavorable } & \$ 10,000 \
\hline \text { Actual direct materials used } & 40,000 \text { pounds } \
\hline \text { Actual firished goods produced } & 24,000 \text { urits } \
\hline
\end{array}$$ 
-What is the total actual cost of the direct materials used?

Quizplus · Accepted Answer

The total actual cost of the direct materials used can be calculated by adding up the cost of each direct material used. From the given data, we can see that the total cost of aluminum is $20,000, the total cost of steel is $25,000, and the total cost of plastic is $13,000. Therefore, the total actual cost of the direct materials used is $20,000 + $25,000 + $13,000 = $58,000.

Grayson Industries Has Collected the Following Data for One of Its