Question
Myers Corporation has the following data related to direct materials costs for November: actual costs for 5,000 pounds of material, $4.50 And standard costs for
Myers Corporation has the following data related to direct materials costs for November: actual costs for 5,000 pounds of material, $4.50 And standard costs for 4,800 pounds of material at $5.10 per pound.
What is the direct materials price variance?
| $3,000 favorable |
| $3,000 unfavorable |
| $2,880 favorable |
| $2,880 unfavorable |
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Financial Accounting
Authors: Robert Kemp, Jeffrey Waybright
4th edition
978-0134125053, 9780134114781, 134125053, 134114787, 978-0134436111
