Moving to another question will save this response Question 5 Parallel Enterpris

Question

Moving to another question will save this response Question 5 Parallel Enterprises has collected the following data on one of its products During the period the company produced 25,000 units Direct materials standard (kg@$2/kg) Actual cost of materials purchased Actual direct materials purchased and used The direct materials price variance is 14 per finished unit $322,500 150,000 lbs $27,500 unfavorable $50,000 unfavorable $50,000 favorable $22,500 unfavorable $22,500 favorable > Moving to another question will save this response

Explanation / Answer

Answer is $22500 Unfav

Material Price Variance = standard price x actual qty -actual price x Actual qty

= 2 x 150000 - 322500

= 22500 Unfav

Related Questions

Navigate

• Browse (All)
• Browse M
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.