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

Myers Corporation has the following data related to direct materials costs for November: actual costs for 4,640 pounds of material at $5.10 and standard costs for 4,460 pounds of material at $6.20 per pound.

The direct materials quantity variance is

a.$1,116 unfavorable

b.$5,104 unfavorable

c.$1,116 favorable

d.$5,104 favorable

Solutions

Expert Solution

Option a) is correct. i.e $1,116 unfavorable

Direct Material Quantity Variance = (Standard Quantity - Actual Quantity) x Standard Rate
                                                             = ( 4460 - 4640 ) x 6.20
                                                             = 1,116 Unfavorable

ekkarill92 answered 11 months ago
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