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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

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. @ $1.65/kg.) $11.55 per finished unit
Actual cost of materials purchased $257,850

Actual direct materials purchased and used

143,000 kg.

$52,800 unfavorable.

$52,800 favorable.

$21,900 favorable.

$21,900 unfavorable.

$30,900 unfavorable.

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