Question

Myers Corporation has the following data related to direct materials costs for November: actual costs for 4,670 pounds of material, $5.20 and standard costs for 4,470 pounds of material at $6.20 per pound. What is the direct materials quantity variance

Answer 1

-4670 Favorable

Step-by-step explanation:

actual- standard = variance

variance * actual lbs of material

5.2-6.2=-1*4670=-4670 Favorable