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Myers Corporation has the following data related to direct materials costs for November: actual cost for 4,650 pounds of material at $5.10 and standard cost

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Myers Corporation has the following data related to direct materials costs for November: actual cost for 4,650 pounds of material at $5.10 and standard cost for 4,460 pounds of material at $6.30 per pound. The direct materials price variance is a. $5,580 favorable b. $1,197 unfavorable c. $1,197 favorable d. $5,580 unfavorable

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