Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question Content Area Myers Corporation has the following data related to direct materials costs for November: actual costs for 4 , 6 7 0 pounds

Question Content Area
Myers Corporation has the following data related to direct materials costs for November: actual costs for 4,670 pounds of material, $5.00; and standard costs for 4,490 pounds of material at $6.10 per pound.
What is the direct materials quantity variance?
a. $5,137 unfavorable
b. $5,137 favorable
c. $1,098 favorable
d. $1,098 unfavorable

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

Principles Of Cost Accounting

Authors: Edward J. Vanderbeck

14th Edition

0324374178, 978-0324374179

More Books

Students also viewed these Accounting questions

Question

10. What is meant by a feed rate?

Answered: 1 week ago

Question

consider your role and influences as a researcher;

Answered: 1 week ago