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

question 82

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:

North American Continent

A vast geographical region comprising the countries of Canada, the United States, Mexico, and the nations of Central America, among others.

Largest Battle

Typically refers to a military engagement with the largest number of combatants or casualties; can vary based on context and historical period.

Labor System

An organizational scheme for the division of work and allocation of workers to tasks, characterized by various forms including slavery, serfdom, wage labor, and others, depending on the historical and cultural context.

Emancipated Slaves

Former slaves who have been freed from slavery, often after legal abolition or through individual manumission.