Question: 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

 TaskMaster Enterprises employs a standard cost system in which direct materialsinventory is carried at standard cost. Task Master has established the following

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 Cost Standard Quantity 36 pounds 0.60 hour Standard Price $ 3.20 per pound $15.50 per hour $115.20 Direct Materials Direct Labor 9.30 $124.50 During November, Task Master purchased 83,000 pounds of direct materials at a total cost of $332,000. The total factory wages for November were $84,000, 90% of which were for direct labor. Task Master manufactured 33,000 units of product during November using 1,183,000 pounds of direct materials and 20,050 direct labor hours. Is the direct labor efficiency variance favorable or unfavorable? Multiple Choice Unfavorable 0 Favorable Favorable

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!