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

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Task Master 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 Quantity 30 pounds 0.65 hour Standard Price $ 3.20 per pound $15.00 per hour Direct Materials Direct Labor Standard Cost $ 96.00 9.75 $105.75 During November, TaskMaster purchased 130,400 pounds of direct materials at a total cost of $326,000. The total factory wages for November were $64,000, 90% of which were for direct labor. Task Master manufactured 30,000 units of product during November using 170,000 pounds of direct materials and 16,000 direct labor hours. Is the direct materials price variance favorable or unfavorable? Multiple Choice Favorable o Untavorabic

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