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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 at $5.30 and standard costs
Myers Corporation has the following data related to direct materials costs for November: actual costs for 4,700 pounds of material at $5.30 and standard costs for 4,480 pounds of material at $6.40 per pound.
The direct materials quantity variance is
a.$1,408 favorable
b.$5,170 favorable
c.$1,408 unfavorable
d.$5,170 unfavorable
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