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

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Myers Corporation has the following data related to direct materials costs for November: actual costs for 4,630 pounds of mat

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Answer 1

Answer #1

Correct answer-----------(d) $5093 Favorable

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Material Price Variance
(	Standard Rate	-	Actual Rate	)	x	Actual Quantity
(	$ 6.40	-	$ 5.30	)	x	4630
	5093
	Variance		$ 5,093.00			Favourable-F

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Answer 2

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