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18 July, 00:14

Myers Corporation has the following data related to direct materials costs for November: actual costs for 4,640 pounds of material, $5.30; and standard costs for 4,430 pounds of material at $6.10 per pound.

What is the direct materials quantity variance?

a) $3,712 unfavorable

b) $3,712 favorable

c) $1,281 favorable

d) $1,281 unfavorable

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Answers (1)
  1. 18 July, 00:21
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    Option (D) is correct.

    Explanation:

    Direct material quantity variance:

    = [Standard quantity * Standard price] - [Actual quantity * Standard price ]

    = [4,430 * $6.10] - [4,640 * $6.10]

    = $27,023 - $28,304

    = $1,281 unfavorable

    Therefore, the direct materials quantity variance is $1,281 unfavorable.

    The variance is unfavorable as the actual quantity of materials used is more than standard quantity.
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