Pontefract Company produced 2,500 widgets during November using 4,000 units of materials at a cost of $5.00
Question:
a. Calculate the standard materials price per unit.
b. Calculate the standard labor rate. Round your answer to two decimal places.
c. Determine the materials usage variance and whether it is favorable or unfavorable.
d. Determine the labor efficiency variance and whether it is favorable or unfavorable.
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Related Book For
Introduction to Managerial Accounting
ISBN: 978-0078025792
7th edition
Authors: Peter Brewer, Ray Garrison, Eric Noreen
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