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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 4,700 pounds of material at $5.30 and standard costs for 4,480 pounds of material at $6.40 per pound.

The direct materials quantity variance is

a.$1,408 favorable

b.$5,170 favorable

c.$1,408 unfavorable

d.$5,170 unfavorable

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