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TB MC Qu. 16-70 (Algo) TaskMaster Enterprises employs a standard... TaskMaster Enterprises employs a standard cost system in which direct materials inventory is carried
TB MC Qu. 16-70 (Algo) TaskMaster Enterprises employs a standard... 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. Direct Materials Direct Labor Standard Quantity 8 pounds 0.25 hour Standard Price $1.70 per pound $9.20 per hour Standard Cost $13.60 2.30 $15.90 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. TaskMaster manufactured 17.000 units of product during November using 126,000 pounds of direct materials and 4,500 direct labor hours. What is the direct labor efficiency varlance for November? Multiple Choice $2.800 3d8 Next >>
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