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 28 pounds 8.50 hour Standard Price $ 2.80 per pound $13.00 per hour Direct Materials Direct Labor Standard Cost $78.40 6.50 $84.90 During November, Task Master purchased 108.000 pounds of direct materials at a total cost of $324,000. The total factory wages for November were $62.000,90% of which were for direct labor Task Master manufactured 29000 units of product during November using 167,500 pounds of direct materials and 15.000 direct labor hours Is the direct materials price variance favorable or unfavorable? Is the direct materials price variance favorable or unfavorable? Multiple Choice Unfavorable Favorable