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Myers Corporation has the following data related to direct materials costs for November: actual costs for 4,610 pounds of material, $5.00; and standard costs for 4,410 pounds of material at $6.20 per pound. What is the direct materials price variance? Oa. $5,532 favorable Ob. $1,240 unfavorable Oc. $5,532 unfavorable Od. $1,240 favorable Myers Corporation has the following data related to direct materials costs for November: actual costs for 4,680 pounds of material, $5.40 and standard costs for 4,450 pounds of material at $6.40 per pound. What is the direct materials quantity variance? Oa. $1,472 unfavorable Ob. $1,472 favorable Oc. $4,680 unfavorable Od. $4,680 favorable Use this information to answer the question that follow. The following data relate to direct materials costs for February: Materials cost per yard: standard, $1.93; actual, $2.05 Standard yards per unit: standard, 4.62 yards; actual, 5.22 yards Units of production: 9,200 Calculate the direct materials quantity variance. Oa. $10,653.60 unfavorable Ob. $10,653.60 favorable Oc. $11,316.00 unfavorable Od. $11,316.00 favorable The following data relate to direct labor costs for the current period: Standard costs 7,300 hours at $11.30 Actual costs 6,300 hours at $10.80 What is the direct labor rate variance? Oa. $14,450 unfavorable Ob. $3,150 favorable Oc. $14,450 favorable Od. $11,300 favorable The following data relate to direct labor costs for the current period: Standard costs 7,000 hours at $11.90 Actual costs 6,400 hours at $10.30 What is the direct labor time variance? Oa. $7,140 unfavorable Ob. $6,180 favorable Oc. $6,180 unfavorable Od. $7,140 favorable

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