1. Cox Company's direct material costs for the month of January were as follows:
   Actual quantity purchased...18,000 kilograms
   Actual unit purchase price....$3.60 per kilogram
2. Material Price Variance -Unfavorable... $3,600
3. Standard amount allowed for actual production... 16,000 kilograms
4. Actual amount used .... 15,000 kilograms
5. 
   What would be the amount of direct materials for January?

Answer rating: 100% (QA)

SOLUTION To calculate the total amount of direct materials for January we need to determine the actual cost of the materials used in production First ... View the full answer