Pontefract Company Produced 2,500 Widgets During November Using 4,000 Units

question 123

Essay

Pontefract Company produced 2,500 widgets during November using 4,000 units of materials at a cost of $5.00 each.It also used 5,000 direct labor hours at a rate of $7.00.Its direct materials standard is 2 units per widget.Its direct labor standard is 2.5 hours per widget.
Its materials price variance was a favorable $8,000 and its labor rate variance was an unfavorable $1,000.

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Definitions:

Shamans

are individuals believed to have access to, and influence in, the world of benevolent and malevolent spirits, often within indigenous and tribal societies.

Third Gender

represents a category used in societies that recognize individuals who do not fit conventional male or female gender roles.

Sacred Beings

Entities regarded with great spiritual reverence, often considered divine or holy in various religious or spiritual beliefs.

Fetishism

A sexual fixation on a nonliving object or non-genital body part that is significantly beyond a normative interest.