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 What is the direct materials efficiency variance for November? Multiple Choice During November, TaskMaster purchased 164,000 pounds of direct materials at a total cost of $442,800. The total factory wages for November were $50.000, 90% of which were for direct labor. TaskMaster manufactured 19,400 units of product during November using 145,500 pounds of direct materials and 5,080 direct labor-hours. ज O O $22.520 $25,220 Standard Quantity 8 pounds 0.25 hour $22,370 $24.120 Standard Price $2.60 per pound $9.60 per hour Standard Cost $ 20.80 2.40 $ 23.20

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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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 prime costs of one unit of product. Standard Quantity Standard Price Standard Cost Direct Materials 8 pounds $ 2.60 per pound $ 20.80 Direct Labor 0.25 hour $ 9.60 per hour 2.40 $ 23.20 During November, TaskMaster purchased 164.000 pounds of direct materials at a total cost of $442,800. The total factory wages for November were $50.000, 90% of which were for direct labor. TaskMaster manufactured 19,400 units of product during November using 145,500 pounds of direct materials and 5.080 direct labor-hours. What is the direct materials efficiency variance for November? Multiple Choice $22.520 $25,220 $22.370 $24,120
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
What is the direct materials efficiency variance for November?
Multiple Choice
During November, TaskMaster purchased 164,000 pounds of direct materials at a total cost of $442,800. The total factory wages for November were $50,000, 90% of which were for direct labor.
Taskmaster manufactured 19,400 units of product during November using 145,500 pounds of direct materials and 5,080 direct labor-hours.
4
O
O
$22,520
$25,220
Standard Quantity
8 pounds
0.25 hour
$22.370
$24.120
Standard Price
$ 2.60 per pound
$9.60 per hour
Standard Cost
$ 20.80
2.40
$ 23.20
Transcribed Image Text: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 What is the direct materials efficiency variance for November? Multiple Choice During November, TaskMaster purchased 164,000 pounds of direct materials at a total cost of $442,800. The total factory wages for November were $50,000, 90% of which were for direct labor. Taskmaster manufactured 19,400 units of product during November using 145,500 pounds of direct materials and 5,080 direct labor-hours. 4 O O $22,520 $25,220 Standard Quantity 8 pounds 0.25 hour $22.370 $24.120 Standard Price $ 2.60 per pound $9.60 per hour Standard Cost $ 20.80 2.40 $ 23.20
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