TaskMaster 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 8 pounds .30 hour Standard Price $ 1.70 per pound $ 9.00 per hour Standard Cost $13.60 Direct Materials Direct Labor 2.70 $16.30 During November, TaskMaster purchased 160,000 pounds of direct materials at a total cost of $288,000. The total factory wages for November were $44,000, 90% of which were for direct labor. TaskMaster manufactured 17,000 units of product during November using 126,000 pounds of direct materials and 6,000 direct labor hours. TaskMaster computes direct material variances at the time of purchase. What is the direct materials price variance for November? O $12,600. O $40.800 O $16,000. 0 $17,000 The Valenti Company uses flexible budgeting for cost control. Valenti produced 11,800 units of product during October, incurring indirect material costs of $14,400. Its master budget reflected indirect material costs of $195,000 at a production volume of 150,000 units. What was the flexible budget variance for the indirect material costs in October? O $700 favorable. O $700 unfavorable O $1,850 favorable. O$940 favorable