Answered step by step
Verified Expert Solution
Link Copied!

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
image text in transcribed
image text in transcribed
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

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Accounting questions