Question
Myers Corporation has the following data related to direct materials costs for November: actual costs for 4,670 pounds of material, $5.10; and standard costs for
Myers Corporation has the following data related to direct materials costs for November: actual costs for 4,670 pounds of material, $5.10; and standard costs for 4,490 pounds of material at $6.20 per pound. I chose A, is this incorrect and if so what is the correct solution, if possible please show work.
a. $1,116 favorable b. $5,137 unfavorable c. $5,137 favorable d. $1,116 unfavorable
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Financial Accounting
Authors: Libby, Short
6th Edition
978-0071284714, 9780077300333, 71284710, 77300335, 978-0073526881
