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Myers Corporation has the following data related to direct materials costs for November: actual cost for 4,600 pounds of material at $5.00 per pound and

Myers Corporation has the following data related to direct materials costs for November: actual cost for 4,600 pounds of material at $5.00 per pound and standard cost for 4,460 pounds of material at $6.00 per pound.

The direct materials price variance is

a. $840 favorable

b. $4,600 favorable

c. $840 unfavorable

d. $4,600 unfavorable

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