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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
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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 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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