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Save & Exit Help 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 34 pounds $ 3.40 per pound $115.68 Direct Labor 0.70 hour $16.00 per hour 11.20 $126.80 During November, TaskMaster purchased 103,125 pounds of direct materials at a total cost of $330,000. The total factory wages for November were $68,000, 90% of which were for direct labor. TaskMaster manufactured 32,000 units of product during November using 175,000 pounds of direct materials and 18.000 direct labor hours. Is the direct materials price variance favorable or unfavorable? Multiple Choice Unfavorable Favorable