Oliver Enterprises has collected the following data for one of its products:

Direct materials standard (3 pounds per unit @ $0.52/lb.) $1.56 per finished good

Direct materials flexible budget variance-unfavorable $14,000

Actual Direct Materials Used (AQU) 37,000 pounds

Actual finished goods produced 24,000 units

What is the total actual cost of the direct materials used?

	a.	$23,440
	b.	$37,440
	c.	$51,440
	d.	$57,720

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