FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Sanchez Company's output for the current period was assigned a $370,000 standard direct materials cost. The direct materials variances included a $9,250 favorable price variance

Sanchez Company's output for the current period was assigned a $370,000 standard direct materials cost. The direct materials variances included a $9,250 favorable price variance and a $5,550 unfavorable quantity variance. What is the actual total direct materials cost for the current period?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Principles Of Food Beverage And Labor Cost Controls

Principles Of Food Beverage And Labor Cost Controls

Authors: Paul R. Dittmer, Gerald G. Griffin

6th Edition

0471293253, 978-0471293255

More Books

Students also viewed these Accounting questions

Question

★★★★★
The specific gravity of the dam shown in Figure P8.3.4 is 2.63, and the coefficient of friction between the dam and the foundation is 0.53. The depth of the water is 2 7.5 m when the reservoir is...

Answered: 1 week ago

Question

★★★★★
LO 6-5 Explore options for correcting errors on your credit report.

Answered: 1 week ago

Question

★★★★★
=+c) What null hypothesis can we test with the t-ratio for R Rating?

Answered: 1 week ago

Question

★★★★★
Gomez Corp. uses the allowance method to account for uncollectibles. On January 31, it wrote off a $ 800 account of a customer, C. Green. On March 9, it receives a $ 300 payment from Green. 1....

Answered: 1 week ago

Question

★★★★★
If a person in a 3 2 percent tax bracket makes a deposit of $ 7 , 6 0 0 to a tax - deferred retirement account, what amount would be saved on current taxes? Tax savings

Answered: 1 week ago

Question

★★★★★
Rally, Inc., is an all-equity firm with assets worth $54 billion and 13 billion shares outstanding. Rally plans to borrow $19 billion and use funds to repurchase shares. Rally's corporate tax rate is...

Answered: 1 week ago

Question

★★★★★
. Sunkanmi Ltd., commenced work on shopping complex for Ona Ara Local Government on 1st January, 2019. The contract price is N8,100,000. As at 31st December, 2019 the following cost have been...

Answered: 1 week ago

Question

★★★★★
Question 4 Lack of diversity claim is a misconception, says Bonia KUALA LUMPUR: Netizens have reignited the issue of a lack of diversity in the workplace amid a viral TikTok clip depicting Bonia...

Answered: 1 week ago

Question

★★★★★
Compute the kurtosis (a al for a data set with a sample size of n = 6, a sample mean value of = 9.83, a sample variance of 8 2 == 14.97. =1 455.5, and E(x-2) = 3814.9.

Answered: 1 week ago

Question

★★★★★
Foellinger Inc. has a WACC of 12.0%. Assuming that a DCF uses a midyear convention, what is the discount factor in year 4?

Answered: 1 week ago

Question

★★★★★
Based on porter's five forces - The threat of substitutes The more tech-oriented companies are, the fewer people have to work - How does tech threaten to replace/act as a substitute for human...

Answered: 1 week ago

Question

★★★★★
Do you feel comfortable being around people with disabilities? Should organizations make special efforts to hire individuals who are disabled? Are organizations that hire workers with disabilities...

Answered: 1 week ago

Question

★★★★★
Should religious people be given breaks and a special place to pray during their work time?

Answered: 1 week ago

Question

★★★★★
Do you agree that people who work together can date? How might dating lead to sexual harassment? Should organizations have policies about employee dating? If they have policies, what should the...

Answered: 1 week ago

Previous Question Next Question