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. The direct materials quantity variance is
A)$1,020 favorable
B)$1,020 unfavorable
C)$900 favorable
D)$900 unfavorable

Question

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.​ The direct materials quantity variance is
A)$1,020 favorable
B)$1,020 unfavorable
C)$900 favorable
D)$900 unfavorable

Quizplus · Accepted Answer

The Answer of 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.​ The direct materials quantity variance is
A)$1,020 favorable
B)$1,020 unfavorable
C)$900 favorable
D)$900 unfavorable

Myers Corporation Has the Following Data Related to Direct Materials