Parallel Enterprises has collected the following data on one of its products. During the period the company produced 25,000 units. The direct materialsprice variance is:Direct materials standard (7 kg. @ $2.40/kg.)$16.80 per finished unitActual cost of materials purchased$402,500Actual direct materials purchased and used158,000 kgs.Multiple Choice$17,500 unfavorable.$40,800 favorable.$40,800 unfavorable.$23,300 unfavorable.$23,300 favorable.

Name: Parallel Enterprises has collected the following data on one of its p
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Description: Parallel Enterprises has collected the following data on one of its products. During the period the company produced 25,000 units. The direct materialsprice variance is:Direct materials standard (7 kg. @ $2.40/kg.)$16.80 per finished unitActual cost

Direct Material Variance Formula = (SP*AP)× AQ Here SP is the standard price per unit of direct…

Answered: Parallel Enterprises has collected the…

Business

Accounting

Parallel Enterprises has collected the following data on one of its products. During the period the company produced 25,000 units. The direct materials price variance is:

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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