Myers Corporation Has the Following Data Related to Direct Materials

question 30

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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