Solved: Determine the actual total direct materials cost, Cost Accounting

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Determine the actual total direct materials cost

Response to the following problem:

Blanda Company's output for the current period was assigned a $300,000 standard direct materials cost. The direct materials variances included a $24,000 favorable price variance and a $4,000 favorable quantity variance. What is the actual total direct materials cost for the current period?

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Cost Accounting: Determine the actual total direct materials cost

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