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 Quantity 8 pounds 30 hour Standard Price $ 1.70 per pound $9.00 per hour Direct Materials Direct Labor Standard Cost $13.60 2.70 $16.30 During November, TaskMaster purchased 160,000 pounds of direct materials at a total cost of $288,000. The total factory wages for November were $44,000, 90% of which were for direct labor. Task Master manufactured 17,000 units of product during November using 126,000 pounds of direct materials and 6,000 direct labor hours. Task Master computes direct material variances at the time of purchase. What is the direct materials price variance for November? O O O $12,600 $40,800 $16,000 O $17,000