Direct Materials: Direct materials mean those materials which can be directly identified with the manufacturing of a particular product. Cost of direct materials is a manufacturing cost . Direct materials are used in the process of making finished products. Direct Material Standard Cost : Direct material standard cost is calculated by multiplying direct material units into direct material cost per unit. Direct Material Cost Variance: Direct material cost variance is that disparity between actual cost of direct materials and budgeted cost of direct materials. Total Actual Cost of Direct Materials Used: Total actual cost of direct materials used means the total of actual cost incurred on direct materials. To identify: Total actual cost of direct materials used.

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Answer 1

Question

Chapter 8, Problem 2MCQ

To determine

Direct Materials:

Direct materials mean those materials which can be directly identified with the manufacturing of a particular product. Cost of direct materials is a manufacturing cost. Direct materials are used in the process of making finished products.

Direct Material Standard Cost:

Direct material standard cost is calculated by multiplying direct material units into direct material cost per unit.

Direct Material Cost Variance:

Direct material cost variance is that disparity between actual cost of direct materials and budgeted cost of direct materials.

Total Actual Cost of Direct Materials Used:

Total actual cost of direct materials used means the total of actual cost incurred on direct materials.

To identify: Total actual cost of direct materials used.

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Answer 2

Question

Chapter 8, Problem 2MCQ

To determine

Direct Materials:

Direct materials mean those materials which can be directly identified with the manufacturing of a particular product. Cost of direct materials is a manufacturing cost. Direct materials are used in the process of making finished products.

Direct Material Standard Cost:

Direct material standard cost is calculated by multiplying direct material units into direct material cost per unit.

Direct Material Cost Variance:

Direct material cost variance is that disparity between actual cost of direct materials and budgeted cost of direct materials.

Total Actual Cost of Direct Materials Used:

Total actual cost of direct materials used means the total of actual cost incurred on direct materials.

To identify: Total actual cost of direct materials used.

Expert Solution & Answer

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Answer 3

Question

Chapter 8, Problem 2MCQ

To determine

Direct Materials:

Direct materials mean those materials which can be directly identified with the manufacturing of a particular product. Cost of direct materials is a manufacturing cost. Direct materials are used in the process of making finished products.

Direct Material Standard Cost:

Direct material standard cost is calculated by multiplying direct material units into direct material cost per unit.

Direct Material Cost Variance:

Direct material cost variance is that disparity between actual cost of direct materials and budgeted cost of direct materials.

Total Actual Cost of Direct Materials Used:

Total actual cost of direct materials used means the total of actual cost incurred on direct materials.

To identify: Total actual cost of direct materials used.

Expert Solution & Answer

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Answer 4

Question

Chapter 8, Problem 2MCQ

To determine

Direct Materials:

Direct materials mean those materials which can be directly identified with the manufacturing of a particular product. Cost of direct materials is a manufacturing cost. Direct materials are used in the process of making finished products.

Direct Material Standard Cost:

Direct material standard cost is calculated by multiplying direct material units into direct material cost per unit.

Direct Material Cost Variance:

Direct material cost variance is that disparity between actual cost of direct materials and budgeted cost of direct materials.

Total Actual Cost of Direct Materials Used:

Total actual cost of direct materials used means the total of actual cost incurred on direct materials.

To identify: Total actual cost of direct materials used.

Expert Solution & Answer

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Answer 5

Chapter 8, Problem 2MCQ

To determine

Direct Materials:

Direct materials mean those materials which can be directly identified with the manufacturing of a particular product. Cost of direct materials is a manufacturing cost. Direct materials are used in the process of making finished products.

Direct Material Standard Cost:

Direct material standard cost is calculated by multiplying direct material units into direct material cost per unit.

Direct Material Cost Variance:

Direct material cost variance is that disparity between actual cost of direct materials and budgeted cost of direct materials.

Total Actual Cost of Direct Materials Used:

Total actual cost of direct materials used means the total of actual cost incurred on direct materials.

To identify: Total actual cost of direct materials used.

Answer 6

Chapter 8, Problem 2MCQ

To determine

Direct Materials:

Direct materials mean those materials which can be directly identified with the manufacturing of a particular product. Cost of direct materials is a manufacturing cost. Direct materials are used in the process of making finished products.

Direct Material Standard Cost:

Direct material standard cost is calculated by multiplying direct material units into direct material cost per unit.

Direct Material Cost Variance:

Direct material cost variance is that disparity between actual cost of direct materials and budgeted cost of direct materials.

Total Actual Cost of Direct Materials Used:

Total actual cost of direct materials used means the total of actual cost incurred on direct materials.

To identify: Total actual cost of direct materials used.

Answer 7

Chapter 8, Problem 2MCQ

To determine

Direct Materials:

Direct materials mean those materials which can be directly identified with the manufacturing of a particular product. Cost of direct materials is a manufacturing cost. Direct materials are used in the process of making finished products.

Direct Material Standard Cost:

Direct material standard cost is calculated by multiplying direct material units into direct material cost per unit.

Direct Material Cost Variance:

Direct material cost variance is that disparity between actual cost of direct materials and budgeted cost of direct materials.

Total Actual Cost of Direct Materials Used:

Total actual cost of direct materials used means the total of actual cost incurred on direct materials.

To identify: Total actual cost of direct materials used.

Answer 8

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Answer 9

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Answer 10

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Answer 11

Ch. 8 - Prob. 1MCQ Ch. 8 - Prob. 2MCQ Ch. 8 - Prob. 3MCQ Ch. 8 - A Company’s standard for a unit of its single...Ch. 8 - Prob. 5MCQ Ch. 8 - Prob. 1DQ Ch. 8 - Prob. 2DQ Ch. 8 - Prob. 3DQ Ch. 8 - Prob. 4DQ Ch. 8 - Prob. 5DQ

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