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Myers Corporation has the following data related to direct materials costs for November: actual costs for 5,000 pounds of material at $4.50 per pound; and

Myers Corporation has the following data related to direct materials costs for November: actual costs for 5,000 pounds of material at $4.50 per pound; and standard costs for 4,800 pounds of material at $5.10 per pound.

What is the direct materials price variance?

a.$2,880 unfavorable

b.$3,000 unfavorable

c.$2,880 favorable

d.$3,000 favorable

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