Question: ? ? Task Master Enterprises employs a standard cost system in which direct materials inventory is camed at standard cost. Task Master has established the
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?Task Master Enterprises employs a standard cost system in which direct materials inventory is camed at standard cost. Task Master has established the followmg standards for the prime cosas of one unit of product Standard Quantity 8 pounds 0.25 hour Standard Price $1.89 per pound $8.00 per hour Standard Cost $14.40 2.00 Direct Materials Direct Labor During November, Task Master purchased 160.000 pounds of direct materials at a total cost of $304,000. The total factory wages for November were $42.000, 90% of which were for direct labor. Task Master manufactured 19,000 units of product during November using 142.500 pounds of direct materials and 5.000 direct labor hours. Is the direct laborate variance favorable or unfavorable? Multiple Choice O Information on Kimble Company's direct labor costs for the month of January is as follows: Actual direct labor hours Standard direct labor hours Total direct labor payroll Direct labor efficiency variance-favorable 35,500 37,000 $312,400 $ 12,600 Is the direct labor rate variance favorable or unfavorable? Multiple Choice Unfavorable Favorable
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