Question
Myers Corporation has the following data related to direct materials costs for November: actual cost for 4,690 pounds of material at $5.40 and standard cost
Myers Corporation has the following data related to direct materials costs for November: actual cost for 4,690 pounds of material at $5.40 and standard cost for 4,480 pounds of material at $6.40 per pound.
The direct materials price variance is
a.$4,690 unfavorable
b.$4,690 favorable
c.$1,344 favorable
d.$1,344 unfavorable
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International Accounting Standards Regulations Financial Reporting
Authors: Greg N. Gregoriou, Mohamed Gaber
1st Edition
0750669837, 978-0750669832
