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Juan Company's output for the current period was assigned a $150,000 standard direct materials cost. The direct materials variances included a $12,000 favorable price variance

Juan Company's output for the current period was assigned a $150,000 standard direct materials cost. The direct materials variances included a $12,000 favorable price variance and a $2,000 favorable quantity variance. What is the actual total direct materials cost for the current period?

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