Question: EXL Enterprises fabricates a unique device in which variable manufacturing overhead is distributed based on standard direct labor-hours. EXL utilizes a standard cost system and

EXL Enterprises fabricates a unique device in which variable manufacturing overhead is distributed based on standard direct labor-hours. EXL utilizes a standard cost system and has defined the following norms for each unit produced: Standard Quantity Standard Price or Rate Standard Cost Direct materials 5.8 pounds $ 0.60 per pound $ 3.48 Direct labor 0.5 hours $ 33.50 per hour $ 16.75 Variable manufacturing overhead 0.5 hours $ 8.50 per hour $ 4.25 In November, EXL Enterprises recorded the following activities: 2,400 units were manufactured. 19,400 pounds of material were acquired for $13,580. There was no inventory of materials at the beginning of November; however, 3,620 pounds of material were left in the warehouse at the end of the month. 1,090 direct labor-hours were utilized at a cost rate of $30.50 per hour in November. Variable manufacturing overhead expenses for November summed up to $14,061. The variance for direct materials purchases is determined at the time of their purchase. The materials quantity variance for November is: Group of answer choices $1,116 F $1,302 F $1,302 U $1,116 U

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