Question
Myers Corporation has the following data related to direct materials costs for November: actual cost for 4,600 pounds of material at $5.00 and standard cost
Myers Corporation has the following data related to direct materials costs for November: actual cost for 4,600 pounds of material at $5.00 and standard cost for 4,430 pounds of material at $6.20 per pound.
The direct materials price variance is
a.$1,054 favorable
b.$5,520 favorable
c.$1,054 unfavorable
d.$5,520 unfavorable
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Auditing A Practical Approach
Authors: Robyn Moroney, Fiona Campbell, Jane Hamilton
4th Edition
0730382648, 978-0730382645
