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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

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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 Direct Materials Direct Labor Standard Quantity 14 pounds 0.45 hour Standard Price $ 2.40 per pound $11.00 per hour Standard Cost $33.60 4.95 $38.55 During November. TaskMaster purchased 147619 pounds of direct materials at a total cost of $310,000. The total factory wages for November were $48,000, 90% of which were for direct labor TaskMaster manufactured 22,000 units of product during November using 150,000 pounds of direct materials and 8.000 direct labor hours Is the direct materials price variance favorable or unfavorable

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