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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, $5.10; 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, $5.10; and standard costs for 4,430 pounds of material at $6.30 per pound.

What is the direct materials price variance?

$1,638 favorable

$5,628 unfavorable

$5,628 favorable

$1,638 unfavorable

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