Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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 $6.40 per pound.
What is the direct materials quantity variance?
a. $5,628 unfavorable
b. $5,628 favorable
c. $1,280 favorable
d. $1,280 unfavorable

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting Principles A Business Perspective Financial Accounting Chapters 9 To 18

Authors: Bill Buxton, Amy Sibiga

1st Edition

1461160863, 978-1461160861

More Books

Students also viewed these Accounting questions