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Myers Corporation has the following data related to direct materials costs for November: actual costs for 4,690 pounds of material, $5.20; and standard costs for

  • Myers Corporation has the following data related to direct materials costs for November: actual costs for 4,690 pounds of material, $5.20; and standard costs for 4,490 pounds of material at $6.10 per pound.

    What is the direct materials price variance?

    a.$4,221 favorable

    b.$4,221 unfavorable

    c.$1,220 favorable

    d.$1,220 unfavorable

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