1.

yers Corporation has the following data related to direct materials costs for November: actual costs for 4,610 pounds of material, $5.00; and standard costs for 4,470 pounds of material at $6.10 per pound.

What is the direct materials price variance?

a.$854 favorable

b.$5,071 favorable

c.$5,071 unfavorable

d.$854 unfavorable

2.

Myers Corporation has the following data related to direct materials costs for November: actual costs for 4,650 pounds of material, $5.10 and standard costs for 4,430 pounds of material at $6.40 per pound.

What is the direct materials quantity variance?

a.$1,408 unfavorable

b.$1,408 favorable

c.$6,045 unfavorable

d.$6,045 favorable

3.

The following data relate to direct labor costs for the current period:

Standard costs	7,000 hours at $11.70
Actual costs	6,000 hours at $10.60

What is the direct labor time variance?

a.$11,700 unfavorable

b.$10,600 favorable

c.$10,600 unfavorable

d.$11,700 favorable

4.

The following data relate to direct labor costs for the current period:

Standard costs	7,300 hours at $11.30
Actual costs	6,300 hours at $10.60

What is the direct labor rate variance?

a.$15,710 unfavorable

b.$4,410 favorable

c.$15,710 favorable

d.$11,300 favorable