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: Direct materials standard (7 kg. @ $2/kg) Actual cost of materials purchased Actual direct materials purchased and used $ 14 per finished unit $322,500 150,000 kgs. Multiple Choice $50,000 favorable $22.500 unfavorable. O $27,500 unfavorable, O $50,000 unfavorable $22.500 favorable Fletcher Company collected the following data regarding production of one of its products. Compute the standard quantity allowed for the actual output Direct materials standard (6 lbs. @ $2/1b.) Actual direct materials used Actual finished units produced Actual cost of direct materials used $ 12 per finished unit 243,000 lbs. 40,000 units $483,570 Multiple Choice 240,000 pounds 243,000 pounds O 480,000 pounds 40,000 pounds. 80,000 pounds. 527 28 W MAY . The following information describes a company's usage of direct labor in a recent period. The direct labor rate variance is: Actual hours used Actual rate per hour Standard rate per hour Standard hours for units produced 45,000 $ 15.00 $ 14.50 47,000 Multiple Choice O $29,000 favorable $52,500 favorable $29,000 unfavorable. $52,500 unfavorable. $22,500 unfavorable. TB MC Qu. 08-129 Cavern Company's output for the... Cavern Company's output for the current period results in a $6,600 unfavorable direct material price variance. The actual price per pound is $53.50 and the standard price per pound is $50.50. How many pounds of material are used in the current period? Multiple Choice O 2.200 O 2.077 O 8,800 O 6,600 O 8,677