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 pounds e $2.15/pound)Actual cost of materials purchased$ 15.05 per finished unit$ 351,750153,000 poundsActual direct materials purchased and usedMultiple Choice$22,800 unfavorable.$47,300 unfavorable.$24,500 unfavorable.$22,800 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 pounds e $2.15/pound)Actual cost of materials purch

I haven't divided $ 351,750 by 153,000 pounds to calculate actual cost of per pound material. As…

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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