Answer Happy

Consider Derek's budget information: materials to be used totals $64,000; direct labor totals $201,500; factory overhead totals $398,300; work in process inventory January 1 is $187,900; and work in progress inventory on December 31 is $196,200. The budgeted cost of goods manufactured for the year is a. $661,800 b. $851,700 Cc. $655,500 Cd. $196,200
Myers Corporation has the following data related to direct materials costs for November: actual cost for 4,660 pounds of material at $5.10 and standard cost for 4,420 pounds of material at $6.00 per pound.. The direct materials price variance is a. $1,440 favorable b. $1,440 unfavorable Oc. $4,194 unfavorable Cd. $4,194 favorable