Question
Myers Corporation has the following data related to direct materials costs for November: actual costs for 4,630 pounds of material at $5.40 and standard costs
Myers Corporation has the following data related to direct materials costs for November: actual costs for 4,630 pounds of material at $5.40 and standard costs for 4,470 pounds of material at $6.20 per pound.
The direct materials quantity variance is
a.$992 unfavorable
b.$3,704 unfavorable
c.$992 favorable
d.$3,704 favorable
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Intermediate Accounting
Authors: Earl K. Stice, James D. Stice
19th edition
1133957919, 978-1285632988, 1285632982, 978-0357691229, 978-1133957911
