Oliver Enterprises has collected the following data for one of its products: Direct materials standard (5 pounds per unit @ $ 0.50/lb.) $ 2.50 per finished good

Direct materials flexible budget variance-unfavorable $ 12, 000

Actual Direct Materials Used (AQU) 31, 000 pounds

Actual finished goods produced 28, 000 units

What is the total actual cost of the direct materials used? A. $ 70 comma 000 B. $ 58 comma 000 C. $ 77 comma 500 D. $ 82 comma 000