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 0.25 hour Standard Price price $1.90 per pound $8.00 per hour Standard Cost $15.20 Direct Materials Direct Labor $17.20 During November, Task Master purchased 208,000 pounds of direct materials at a total cost of $436,800. The total factory wages for November were $54,000, 90% of which were for direct labor. Task Master manufactured 24,000 units of product during November using 182,000 pounds of direct materials and 5,000 direct labor hours. What is the direct materials price variance for November? Multiple Choice O $36,400. $19,000. $41,600. O $30,400 The purpose of the flexible budget is to: Multiple Choice eliminate cyclical fluctuations in production reports by ignoring variable costs. allow management some latitude in meeting goals. compare actual and budgeted results at virtually any level of production. oo reduce the total time in preparing the annual budget