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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 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 4.5 pounds $2.25 per pound $10.13 Direct Labor 25 hour $8.00 per hour 2.00 $12.13 During November, TaskMaster purchased and use 133,000 pounds of direct materials in productpn at a total cost of $412,200, The total factory wages for November were $42.000. Task Master manufactured 18,000 units of product during November What is the direct materials price variance for November $112,950 U $112,950 F $117.000 F $117.000 U
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