Solved

Myers Corporation Has the Following Data Related to Direct Materials

Question 50

Multiple Choice

Myers Corporation has the following data related to direct materials costs for November: actual costs for 5,000 pounds of material at $​4.50 and standard costs for 4,800 pounds of material at $5.10 per pound.​What is the direct materials quantity variance?


A) ​$1,020 favorable
B) ​​$1,020 unfavorable
C) ​$900 favorable
D) ​$900 unfavorable

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q45: A negative fixed overhead volume variance can

Q46: Ruby Company produces a chair that requires

Q47: Standards are performance goals used to evaluate

Q48: Periodic comparisons between planned objectives and actual

Q49: An unfavorable cost variance occurs when standard

Q51: Because accountants have financial expertise, they are

Q52: Use this information for Taylor Company to

Q53: Myers Corporation has the following data related

Q54: The following data relate to direct labor

Q55: Match each of the following formulas or