Question 27 1 points Save Ans A company employs a standard cost system in which...
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Question 27 1 points Save Ans A company employs a standard cost system in which direct materials inventory is carried at standard cost. The company has established the following standards for the prime costs of one unit of product. Standard Standard Quantity 7 pou nds Standard Price Cost Direct Materials $ 1.90 per pound per 9.60 hour Direct Labor 0.25 hour $ 13. $ 30 2.4 0 15 $15. 70 During November, the company purchased 126,000 pounds of direct materials at a total cost of $277,200. The total factory wages for November were $46,000, 90% of which were for direct labor. The company manufactured 17,000 units of product during November using 105,000 pounds of direct materials and 4500 direct labor hours. What is the direct labor rate variance for November? $1417 $1800 $2400 $3000
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