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Task Master Enterprises employs a standard cost system in which direct materials inventory is carried at standard cost. Task Master has established the following standards
Task Master 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 Direct Materials Direct Labor Standard Quantity 7 pounds 25 hour Standard Price $ 1.90 per pound $10.00 per hour Standard Cost $13,30 2.50 $15.80 During November, Task Master purchased 126,000 pounds of direct materials at a total cost of $277,200. The total factory wages for November were $46,000, 90% of which were for direct labor. Task Master manufactured 17,000 units of product during November using 105,000 pounds of direct materials and 6,000 direct labor hours. What is the direct materials efficiency (quantity) variance for November? O $31,500 $26,600. $13,300 O $37,800
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