TaskMaster Enterprises employs a standard cost system in which direct materials inventory is carried at standard cost TaskMaster has established the following standards for the prime costs of one unit of product Standard Standard Standard Quantity Price Cost Direct Materials 6 pounds $ 1 60 per pound $ 9 60 Direct Labor 0 20 hour $ 9 50 per hour 1 90 $ 11 50 During November, TaskMaster purchased 144,000 pounds of direct materials at a total cost of $273,600 The total factory wages for November were $50,000, 90 of which were for direct labor TaskMaster manufactured 22,000 units of product during November using 125,000 pounds of direct materials and 5,000 direct labor hours What is the direct labor rate variance for November

The Answer is in the image, click to view ...

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

TaskMaster Enterprises employs a standard cost system in which direct materials inventory is carried at standard cost. TaskMaster has established the following standards for the prime costs of one unit of product.

	Standard			Standard			Standard
	Quantity			Price			Cost
Direct Materials		6	pounds	$	1.60	per pound		$	9.60
Direct Labor		0.20	hour	$	9.50	per hour			1.90
								$	11.50

During November, TaskMaster purchased 144,000 pounds of direct materials at a total cost of $273,600. The total factory wages for November were $50,000, 90% of which were for direct labor. TaskMaster manufactured 22,000 units of product during November using 125,000 pounds of direct materials and 5,000 direct labor hours.

What is the direct labor rate variance for November?

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!

TaskMaster Enterprises employs a standard cost system in which direct materials inventory is carried at standard cost. TaskMaster has established the following standards for the prime costs of one...

25. Martin Company currently manufactures all component parts used in the manufacture of various hand tools. The Extruding Division produces a steel handle used in three different tools. The budget...

TaskMaster Enterprises employs a standard cost system in which direct materials inventory is carried at standard cost. TaskMaster has established the following standards for the prime costs of one...

TaskMaster Enterprises employs a standard cost system in which direct materials Inventory is carried at standard cost. TaskMaster has established the following standards for the prime costs of one...

TaskMaster Enterprises employs a standard cost system in which direct materials inventory is carried at standard cost. TaskMaster has established the following standards for the prime costs of one...

Help Save & Exit Submit TaskMaster Enterprises employs a standard cost system in which direct materials inventory is carried at standard cost. TaskMaster has established the following standards for...

TaskMaster Enterprises employs a standard cost system in which direct materials inventory is carried at standard cost. TaskMaster has established the following standards for the prime costs of one...

All my Sons By Arthur Miller " Gender Role" Examine how the ten.roles of the 1940-1950 informs mens women behavior and action. 6 pages. Choose 2 characters from the play and examine characters and...

Kinney Company incorporated on May 1, of this year. Below you will find the company's financial data at May 31. Accounts receivable Accounts payable Advertising expense Cash Rent expense Salaries...

The hexadecimal numbering system uses the digits 0 - 9 and A - F True False

5. Develop a scenario comparing two PH programs and involving the use of a CBA.

Explain the impact the economic climate is having on the way in which learning and talent development is being delivered and managed.

Understand the importance to the organisation of a sound and proactive approach to health, safety and well- being.

Evaluate the main methods of paying for performance in an individual and team setting.