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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