Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. myers corporation has the following data related t

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

80.2K

Verified Solution

Question

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
image

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Psychology
1.2K views

Briefly summarize intro to logic. Make sure that you include the following logical terms: Categorical propositions Categorical syllogisms Propositional...

Physics
1.2K views

1. Ryan is readying for a face-off at the begninning of a hockey game. What is...

Physics
1.2K views

A particle moves toward x 0 under the influence of a potential V x Alx...

Basic Math
1.2K views

Write the following number in decimal notation.Ninety-two and seven hundredths

Basic Math
1.2K views

Daniel is printing out coples of a presentation It takes 3 minutes to print a...

Statistics
1.2K views

Find the indicated probability Round to the nearest thousandth 16 A sample of 4 different...

Calculus
1.2K views

hamed Salad Attempt 1 Question 1 0 5 points Listen Evaluate 6 6y y 84...

Algebra
1.2K views

Solve the equation sec 0 1 for all values of 0 in the domain 0...

Accounting
1.2K views

A machinery costing P8,500,000 was purchased on January 1, 2020 and...

Accounting
1.2K views

The formula for calculating depreciation under the sum-of-the-years'-digits method is: A ((1.00/estimated life) x...

Accounting
1.2K views

Apple inc. has the following accounts and balances at year end (note that not all...

Accounting
1.2K views

QUESTION TWO (20marks) Distinguish between a procedural audit and a balance sheet audit (8marks)...