Myers Corporation Has the Following Data Related to Direct Materials

question 50

Multiple Choice

Myers Corporation has the following data related to direct materials costs for November: actual costs for 5,000 pounds of material at $​4.50 and standard costs for 4,800 pounds of material at $5.10 per pound.​What is the direct materials quantity variance?

• A) ​$1,020 favorable
• B) ​​$1,020 unfavorable
• C) ​$900 favorable
• D) ​$900 unfavorable

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Definitions:

Gentrification

The transformation of neighborhoods through an influx of more affluent residents and businesses, often displacing lower-income inhabitants.

Housing Values

The monetary worth assigned to residential properties, influenced by factors like location, size, condition, and market trends.

Poor Neighborhoods

Areas with low income levels, often facing issues like limited access to services and resources.

Urban Revitalization

Efforts and initiatives aimed at improving the economic, physical, and social conditions of city areas that have undergone decline.