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Myers Corporation has the following data related to direct materials costs for November: actual costs for 4,660 pounds of material, $5.40 and standard costs for
Myers Corporation has the following data related to direct materials costs for November: actual costs for 4,660 pounds of material, $5.40 and standard costs for 4,410 pounds of material at $6.40 per pound.
What is the direct materials quantity variance?
a.$1,600 favorable
b.$1,600 unfavorable
c.$4,660 favorable
d.$4,660 unfavorable
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