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Myers Corporation has the following data related to direct materials costs for November: actual costs for 4,660 pounds of material, $5.20; and standard costs for
Myers Corporation has the following data related to direct materials costs for November: actual costs for 4,660 pounds of material, $5.20; and standard costs for 4,400 pounds of material at $6.40 per pound.
What is the direct materials quantity variance?
a. $5,592 favorable
b. $1,664 favorable
c. $1,664 unfavorable
d. $5,592 unfavorable
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Cornerstones Of Managerial Accounting
Authors: Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
4th Edition
978-0538473460, 0538473460
