newconnecteducation.com www .hm o neddon.com Parallel Enterprises has collected the following data on one of its products. During the period the company produced 25000 units. The direct materials quantity variance is ) Direct materials standard (7 $2.40/ Actual cost of materials purchased Actual direct materials purchased and used $16. per finished wit $482,500 158,000 kg M e Choice 517500 O $40.800 unfavorable O C Prev 10 of 15