Parallel Enterprises has collected the following data on one of its products. During the period the company produced 25,
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Parallel Enterprises has collected the following data on one of its products. During the period the company produced 25,
company produced 25,000 units. The direct materials price variance is: Direct materials standard (7 kg. @ $2/kg) Actual cost of materials purchased Actual direct materials purchased and used $22.500 unfavorable $50,000 unfavorable $22.500 favorable $27,500 unfavorable $50,000 favorable $ 14 $ 322,500 per finished unit 150,000 kgs.
Parallel Enterprises has collected the following data on one of its products. During the period the