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

The direct materials price variance is

a.$2,880 favorable

b.$3,000 favorable

c.$3,000 unfavorable

d.$2,880 unfavorable

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