Myers Corporation has the following data related to direct materials costs for November: actual cost...
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Accounting
Myers Corporation has the following data related to direct materials costs for November: actual cost for 4,700 pounds of material at $5.30 per pound and standard cost for 4,420 pounds of material at $6.20 per pound.
The direct materials price variance is
a.$4,230 unfavorable
b.$1,736 favorable
c.$4,230 favorable
d.$1,736 unfavorable
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