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Myers Corporation has the following data related to direct materials costs for November: actual costs for 4,700 pounds of material, $5.00; and standard costs for

Myers Corporation has the following data related to direct materials costs for November: actual costs for 4,700 pounds of material, $5.00; and standard costs for 4,480 pounds of material at $6.10 per pound.

What is the direct materials price variance?

a.$1,342 favorable

b.$5,170 favorable

c.$5,170 unfavorable

d.$1,342 unfavorable

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