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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 4,630 pounds of material at $5.20 per pound; and standard costs for 4,450 pounds of material at $6.00 per pound.
What is the direct materials price variance?
a. $3,704 unfavorable
b. $1,080 unfavorable
c. $3,704 favorable
d. $1,080 favorable
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