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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 4,600 pounds of material, $5.10; and standard costs for 4,410 pounds of material at $6.20 per pound.

What is the direct materials price variance?

a. $5,060 unfavorable

b. $1,178 unfavorable

c. $5,060 favorable

d. $1,178 favorable

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