Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

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 costs of one unit of product.

Standard Standard Standard
Quantity Price Cost
Direct Materials 8 pounds $ 2.00 per pound $ 16.00
Direct Labor 0.25 hour $ 8.00 per hour 2.00
$ 18.00

During November, TaskMaster purchased 152,000 pounds of direct materials at a total cost of $319,200. The total factory wages for November were $48,000, 80% of which were for direct labor. TaskMaster manufactured 18,000 units of product during November using 125,000 pounds of direct materials and 5,000 direct labor hours.

What is the direct labor rate variance for November?

Multiple Choice

  • $1,800

  • $6,400

  • $4,000

  • $1,600

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Essentials Of Cost Accounting For Health Care Organizations

Authors: Steven Finkler, Judith Baker, David Ward

3rd Edition

0810235447, 9780763738136

More Books

Students also viewed these Accounting questions

Question

5. Describe the main retirement benefits.pg 87

Answered: 1 week ago

Question

5. Explain how ERISA protects employees pension rights.pg 87

Answered: 1 week ago