Asked by
Cheyenne Crates
on Oct 15, 2024Verified
Georgia,Inc.has collected the following data on one of its products.The actual cost of direct materials used is: 
A) $133,750.
B) $150,000.
C) $106,250.
D) $158,750.
E) $120,000.
Direct Materials
Raw materials that are directly traceable to the manufacturing of a product and are a significant part of its composition.
Actual Cost
The actual amount spent on goods, services, and labor to produce an item or to run a company.
Data Collected
The process of gathering and measuring information on targeted variables to answer relevant questions and evaluate outcomes.
- Manage the computation and systematic evaluation of variances relating to price, quantity, and efficiency in direct materials and labor.
Verified Answer
SS
Learning Objectives
- Manage the computation and systematic evaluation of variances relating to price, quantity, and efficiency in direct materials and labor.