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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 cost of one unt of product Standard Cost Standard Quantity Direct Materials Direct Labor 9 pounds 0.15 hour Standard Price $2.00 per pound $11.60 per hour $18.00 1.74 $19.74 During November, TaskMaster purchased 243,000 pounds of deect materials at a total cost of $510.300 The sotal factory wages for November were $56,000, 80% of which were for direct labor TaskMaster manufactured 25,000 units of product during November using 218,000 pounds of direct matenals and 4,000 direct labor hours What is the direct labor rate variance for November Mule Choce $4200 O $1000 51834 $2500
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