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How much in total did Sitka pay for the materials purchased? Round to the nearest penny, two decimal places Question 12 Sitka Industries uses a

image text in transcribed How much in total did Sitka pay for the materials purchased? Round to the nearest penny, two decimal places

Question 12 Sitka Industries uses a cost system that carries direct materials inventory at a standard cost. The controller has established these standards for one ladder (unit): 1 pts Standard Price Direct materials Direct labor Sitka Industries cost standards Standard Quantity 3 pounds 2.92 hours $4.58 per pound $11.3 per hour Sitka Industries made 2,526 ladders in July and used 8,880 pounds of material to make these units. Smith Industries bought 17,995 pounds of material in the current period. There was a $283 unfavorable direct materials price variance. How much in total did Sitka pay for the materials purchased? Round to the nearest penny, two decimal places.

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