TaskMaster Enterprises employs a standard cost system in which direct materials inventory is carried at 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.
| 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
Homework Answers
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TaskMaster Enterprises employs a standard cost system in which
direct materials inventory is carried at standard...
TaskMaster Enterprises employs a standard cost system in which direct materials inventory is carried at 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. Standard Standard Standard Quantity Price Cost Direct Materials 8 pounds $ 1.80 per pound $ 14.40 Direct Labor 0.25 hour $ 8.00 per hour 2.00 $ 16.40 During November, TaskMaster purchased 160,000 pounds of direct materials at a total cost of $304,000. The total factory wages for November...
TaskMaster Enterprises employs a standard cost system in which direct materials inventory is carried at 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. Standard Standard Standard Quantity Price Cost Direct Materials 10 pounds $ 2.00 per pound $ 20.00 Direct Labor 0.20 hour $ 9.00 per hour 1.80 $ 21.80 During November, TaskMaster purchased 231,000 pounds of direct materials at a total cost of $508,200. The total factory wages for November...
taskMaster Enterprises employs a standard cost system in which direct materials inventory is carried at 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. Standard Quantity 6 pounds 0.30 hour Direct Materials Direct Labor Standard Price $ 1.60 per pound $10.00 per hour Standard Cost $ 9.60 -3.00 $12.60 During November, TaskMaster purchased 144,000 pounds of direct materials at a total cost of $273.600. The total factory wages for November were $50,000,...
TaskMaster Enterprises employs a standard cost system in which direct materials inventory is carried at 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. Standard Standard Standard Quantity Price Cost Direct Materials 7 pounds $ 1.50 per pound $ 10.50 Direct Labor 0.20 hour $ 10.40 per hour 2.08 $ 12.58 During November, TaskMaster purchased 140,000 pounds of direct materials at a total cost of $238,000. The total factory wages for November...
TaskMaster Enterprises employs a standard cost system in which direct materials inventory is carried at 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. Standard Standard Standard Quantity Price Cost Direct Materials 36 pounds $ 3.20 per pound $ 115.20 Direct Labor 0.60 hour $ 15.50 per hour 9.30 $ 124.50 During November, TaskMaster purchased 83,000 pounds of direct materials at a total cost of $332,000. The total factory wages for November...
TaskMaster Enterprises employs a standard cost system in which direct materials inventory is carried at 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. Standard Standard Standard Quantity Price Cost Direct Materials 16 pounds $ 2.20 per pound $ 35.20 Direct Labor 0.35 hour $ 10.00 per hour 3.50 $ 38.70 During November, TaskMaster purchased 130,000 pounds of direct materials at a total cost of $312,000. The total factory wages for November...
TaskMaster Enterprises employs a standard cost system in which direct materials inventory is carried at 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. Standard Standard Standard Quantity Price Cost Direct Materials 8 pounds $ 1.50 per pound $ 12.00 Direct Labor 0.25 hour $ 6.20 per hour 1.55 $ 13.55 During November, TaskMaster purchased 184,000 pounds of direct materials at a total cost of $331,200. The total factory wages for November...
TaskMaster Enterprises employs a standard cost system in which direct materials inventory is carried at 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. Standard Standard Standard Quantity Price Cost Direct Materials 8 pounds $ 1.70 per pound $ 13.60 Direct Labor 0.40 hour $ 7.00 per hour 2.80 $ 16.40 During November, TaskMaster purchased 168,000 pounds of direct materials at a total cost of $336,000. The total factory wages for November...
Task Master Enterprises employs a standard cost system in which direct materials inventory is carried at...
Task Master Enterprises employs a standard cost system in which direct materials inventory is carried at standard cost. Task Master has established the following standards for the prime costs of one unit of product Direct Materials Direct Labor Standard Quantity 9 pounds 0.40 hour Standard Price $1.70 per pound $8.00 per hour Standard Cost $15.30 3.20 $18.50 During November. Task Master purchased 215.000 pounds of direct materials at a total cost of $387,000. The total factory wages for November were...
Help Save & Exit Submit TaskMaster Enterprises employs a standard cost system in which direct materials...
Help Save & Exit Submit 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 38 pounds 0.75 hour Standard Price $ 3.60 per pound $17.00 per hour Standard Cost $136.80 12.75 $149.55 During November. Task Master purchased 104.375 pounds of direct materials at a total cost of $334,000. The total factory...
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 6 pounds 0.30 hour Direct Materials Direct Labor Standard Price $ 1.60 per pound $10.00 per hour Standard Cost $ 9.60 -3.00 $12.60 During November, TaskMaster purchased 144,000 pounds of direct materials at a total cost of $273.600. The total factory wages for November were $50,000,...
Task Master Enterprises employs a standard cost system in which direct materials inventory is carried at standard cost. Task Master has established the following standards for the prime costs of one unit of product Direct Materials Direct Labor Standard Quantity 9 pounds 0.40 hour Standard Price $1.70 per pound $8.00 per hour Standard Cost $15.30 3.20 $18.50 During November. Task Master purchased 215.000 pounds of direct materials at a total cost of $387,000. The total factory wages for November were...
Help Save & Exit Submit 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 38 pounds 0.75 hour Standard Price $ 3.60 per pound $17.00 per hour Standard Cost $136.80 12.75 $149.55 During November. Task Master purchased 104.375 pounds of direct materials at a total cost of $334,000. The total factory...
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