Question: Task Master Enterprises employs a standard cost system in which direct materials inventory is carried at standard cost. Task Master has established the following standards

 Task Master Enterprises employs a standard cost system in which direct

Task Master Enterprises employs a standard cost system in which direct materials inventory is carried at standard cost. Task Master has established the following standards for the prime costs of one unit of product. Standard Quantity 7 pounds 0.28 hour Standard Price $ 1.50 per pound $10.40 per hour Direct Materials Direct Labor Standard Cost $10.50 2.08 $12.58 During November, Task Master purchased 140,000 pounds of direct materials at a total cost of $238,000. The total factory wages for November were $50,000. 80% of which were for direct labor. TaskMaster manufactured 18.000 units of product during November using 118,000 pounds of direct materials and 4,000 direct labor hours. What is the direct labor rate variance for November? Multiple Choice 0 $1600 o $1.442

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!