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Parallel Enterprises has collected the following data on one of its products. During the period...

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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 quantity variance is?

Direct materals standard (7kg. @ $2/kg): $14 per finished unit

Actual cost of materials purchased: $322,500

Actual direct materials purchased and used: 150,000 kg

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