During the Period Richeleau Produced 1,000 Units of Product

question 155

Multiple Choice

During the period Richeleau produced 1,000 units of product. The flexible budget for standard costs is: Direct materials $43,000
Direct labour 67,000
Variable overhead 30,000
Fixed overhead 25,000
Variances for the period are:
Direct materials price $ 400 U
Direct materials efficiency 500 F
Direct labour price 600 F
Direct labour efficiency 200 U
Variable overhead spending 300 F
Variable overhead efficiency 100 F
Fixed overhead spending 500 F
Fixed overhead production volume 1,000 U
The direct materials inventory increased during the period by 1,000 (at standard cost) . What was the actual cost of direct materials purchased during the period?

• A)$41,900
• B)$42,900
• C)$43,100
• D)$43,900

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Definitions:

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