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. $900 favorable c. $1,020 unfavorable d. $900 unfavorable
Answers (2)
Know the Answer?
Not Sure About the Answer?
Find an answer to your 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 ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Your coworker Hilary is really concerned about a project that she has just been assigned. She is in charge of analyzing and determining conditions in the market for televisions from an extensive sales report.
Answers (1)
Smith Company exchanges assets to acquire a building. The market price of the Smith stock on the exchange date was $35 per share and the building's book value on the books of the seller was $250,000.
Answers (1)
Identify safety preparations that are common when exercising in extreme cold or extreme he
Answers (1)
Which action would the FED most likely take as part of an expansionary monetary policy? A) increase the discount rate B) increase the reserve requirement C) buy securities on the open market D) increase the rate on required reserves
Answers (1)
Record the following transactions for the Stroud Music Store (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) (a) Provide music lessons to students for $13,300 on account.
Answers (1)
New Questions in Business
Yogen Früz is a successful chain of frozen yogurt shops originating in Canada. Archeology Investments has an agreement with the Canadian firm that grants rights to its company to open and operate Yogen Früz shops in Dubai, Oman, Qatar, Bahrain, and
Answers (1)
What is the difference between marginal cost and marginal revenue? Marginal cost is the money earned from selling one more unit of a good.
Answers (1)
The standard number of hours that should have been worked for the output attained is 10,000 direct labor hours and the actual number of direct labor hours worked was 10,500.
Answers (1)
Indicate what components of GDP (if any) each of the following transactions would affect. Check all that apply. - You purchase a box of Belgium chocolate - Honda expands its factory in Ohio. - Your parents buy a new house from a local builder.
Answers (1)
Which of the following best represents the pricing behavior of firms in a monopolistically competitive industry? A) Unykdrugs, Inc.
Answers (1)