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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 cost for November: actual costs for 4,640 pounds of material, $5.10; and standard costs for 4,470 pounds of material at $6.10 per pound.

What is the direct materials price variance?

A. 1,037 favorable

b. 1,037 unfavorable

c. $4,640 unfavorable

d. $4,640 favorable

Reference no: EM132503662

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