Myers Corporation has the following data related to direct materials costs for November: actual costs for...

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Myers Corporation has the following data related to direct materials costs for November: actual costs for...

Myers Corporation has the following data related to direct materials costs for November: actual costs for 4,600 pounds of material, $5.10; and standard costs for 4,410 pounds of material at $6.20 per pound.

What is the direct materials price variance?

a. $5,060 unfavorable

b. $1,178 unfavorable

c. $5,060 favorable

d. $1,178 favorable

business accounting

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Answer 1

Answer #1


	Direct materials price variance

	(actual price- standard price)*actual qty purchased
	(5.10 - 6.20)*4600
	5060	F


	answer)	option c

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Answer 2

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