Task Master Enterprises employs a standard cost system in which direct materials inventory is carried at...

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Task Master Enterprises employs a standard cost system in which direct materials inventory is carried at standard cost. Task

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Answer 1

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Direct labour rate variance for November :

To find out direct labour rate variance, have to multiply the actual standard rate of direct labour into actual hours of direct labour used.

standard hourly rate of direst labour=.$10.40 per hour

Actual direct labour hours=4000

=4000*10.40= $41,600

standard direct labour cost=$41600

Total factory wages are $50,000 in which direct labour 80%= $50,000*80/100=$40,000

Actual direct labour cost=$40,000

Direct labour rate variance=standard direct labour cost$41,600 - Actual direct labour cost$40,000 = $1,600

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