Figure 8-8 Rammazzotti, Inc., is looking for feedback on company performance. The company compares the budget for the year with the actual costs. Data have been collected below:
Rammazzotti Inc., had the following budgeted data:
The following actually occurred:
Refer to Figure 8-8. The actual cost for direct materials for 2014 was

Question

Figure 8-8 Rammazzotti, Inc., is looking for feedback on company performance. The company compares the budget for the year with the actual costs. Data have been collected below:
Rammazzotti Inc., had the following budgeted data:
 The following actually occurred:
 Refer to Figure 8-8. The actual cost for direct materials for 2014 was

Quizplus · Accepted Answer

The actual cost for direct materials for 2014 can be found by looking at the "Direct materials" column in both the budgeted and actual sections of the table. The budgeted cost was $3,500 and the actual cost was also $3,500, therefore the answer is D.