Myers Corporation has the following data related to direct materials costs for November: actual cost for 4,610 pounds of material at $5.20 and standard cost for 4,420 pounds of material at $6.40 per pound. The direct materials price variance is a. $1,216 unfavorable b. $5,532 unfavorable c. $1,216 favorable d. $5,532 favorable Which of the following statements is correct using the direct costing concept? a. All manufacturing costs are included in the calculation of cost of goods manufactured. b. All manufacturing costs are considered period costs. c. Only fixed costs are included in the calculation of cost of goods manufactured, while variable costs are considered period costs. d. Only variable manufacturing costs are included in the calculation of cost of goods manufactured, while fixed costs are considered period costs. On the variable costing income statement, the figure representing the difference between manufacturing margin and contribution margin is a. variable selling and administrative expenses b. variable cost of goods sold c. fixed manufacturing costs d. fixed selling and administrative expenses