Answered step by step
Verified Expert Solution
Question
1 Approved Answer
please answer both for a thumbs up Myers Corporation has the following data related to direct materials costs for November: actual cost for 4,640 pounds
please answer both for a thumbs up
Myers Corporation has the following data related to direct materials costs for November: actual cost for 4,640 pounds of material at 55.30 and standard cost for 4,400 pounds of material at $6.00 per pound. The direct materials price variance is \$1,440 fivombie b. 51,440 unfworable C. 53,24K unfivorable d. 53,248 favorable Morocco Desk. Co. purchases 6,000 feet of lumber at $6 per foot. The standard price for direct materials is $5. The entry to journalize the purchase and unfavorable direct materials price variance is Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started