Question
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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Principles Of Cost Accounting
Authors: Robert E. Schmiedicke, Edward J. Vanderbeck
11th Edition
0538873426, 978-0538873420
