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Myers Corporation has the following data related to direct materials costs for November: actual costs for 4,620 pounds of material, $5.30; and standard costs for
Myers Corporation has the following data related to direct materials costs for November: actual costs for 4,620 pounds of material, $5.30; and standard costs for 4,450 pounds of material at $6.40 per pound.
What is the direct materials quantity variance?
a.$1,088 favorable
b.$5,082 favorable
c.$5,082 unfavorable
d.$1,088 unfavorable
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