Myers Corporation Has the Following Data Related to Direct Materials

question 53

Multiple Choice

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

• A) $3,000 favorable
• B) $3,000 unfavorable
• C) $2,880 favorable
• D) $2,880 unfavorable

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