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What is the direct materials price variance

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Question - Myers Corporation has the following data related to direct materials costs for November: actual costs for 5,000 pounds of material, $4.50; And standard costs for 4,800 pounds of material at $5.10 per pound.

What is the direct materials price variance?

$3,000 favorable

$3,000 unfavorable

$2,880 favorable

$2,880 unfavorable

Reference no: EM132108981

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