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Myers Corporation has the following data related to direct materials costs for November: actual costs for 4,680 pounds of material, $5.10; and standard costs for

Myers Corporation has the following data related to direct materials costs for November: actual costs for 4,680 pounds of material, $5.10; and standard costs for 4,460 pounds of material at $6.10 per pound.

What is the direct materials price variance?

a. $1,342 favorable

b. $4,680 favorable

c. $1,342 unfavorable

d. $4,680 unfavorable

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