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What is the direct materials quantity variance

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Question - Parallel Enterprises has collected the following data on one of its products. During the period the company produced 25,000 units. Direct materials standard (7 kilogram @ 2.15/Kilogram) $15.05 per finished unit. Actual cost of materials produced: $351,750. Actual direct materials purchased and used: 153,000 kilograms. What is the direct materials quantity variance?

Reference no: EM133062884

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