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Myers Corporation has the following data related to direct materials costs for November: actual costs...

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Accounting

Myers Corporation has the following data related to direct materials costs for November: actual costs for 4,660 pounds of material, $5.20; and standard costs for 4,470 pounds of material at $6.00 per pound.

What is the direct materials price variance?

a.$1,140 favorable

b.$3,728 favorable

c.$3,728 unfavorable

d.$1,140 unfavorable

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