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Author Question: Grayson Industries has collected the following data for one of its products:Direct materials ... (Read 37 times)

Zulu123

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Grayson Industries has collected the following data for one of its products:

Direct materials standard (4 kilograms per unit @ $0.50/kg.)$2 per finished good
Direct materials flexible budget variance-unfavourable$10,000
Actual direct materials purchased and used40,000 kilograms
Actual finished goods produced24,000 units


What is the total actual cost of the direct materials used at Grayson Industries?
◦ $38,000
◦ $48,000
◦ $20,000
◦ $58,000


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Marked as best answer by Zulu123 on Jan 5, 2020

nikmaaacs

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