Myers Corporation has the following data related to direct materials costs for November: actual costs for 4,650 pounds of material at $5.30 and standard costs for 4,440 pounds of material at $6.40 per pound. The direct materials quantity variance is a.$5,115 favorable b.$1,344 favorable c.$5,115 unfavorable d.$1,344 unfavorable

You receive a memo from the vice president of procurement responding to your query. he writes: “it will be very important to maintain product continuity. we have a large base of devoted customers. we want to make sure that the quality and key characteristics of island knight stay the same through this transition. talk to frank, our consulting professional perfumer, for more information about the cologne. seasonal variations in costs are the single most significant factor in our deciding to go with another supplier, so finding a way to limit that should be the top priority. the overall marginal costs and shipping costs are probably somewhat less significant. you may want to talk to cindy, the product manager for island knight, regarding pricing information about the product.” what is the best action to take next?