Parallel Enterprises Has Collected the Following Data on One of Its

question 154

Multiple Choice

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 materials standard (7 kg. @ $2/kg) $ 14 per finished unit
Actual cost of materials purchased $ 322,500 ^{Actual direct materials purchased and used 150,000} kg

• A) $50,000 unfavorable.
• B) $22,500 favorable.
• C) $50,000 favorable.
• D) $27,500 unfavorable.
• E) $22,500 unfavorable.

Analyze the causes and variants of inflation, including cost-push inflation.

Grasp the significance of the Consumer Price Index (CPI) in measuring inflation.

Understand the dynamics between nominal interest rate, inflation rate, and real interest rate.

Identify the factors contributing to changes in unemployment rates and how they are related to cyclical factors.

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Definitions:

Integrated Substance Abuse

A comprehensive approach to address substance abuse through the coordination of therapy and support services across multiple sectors.

Co-occurring Disorders

The presence of two or more disorders or illnesses occurring in the same person, simultaneously or sequentially, with each potentially exacerbating the other.

Harm Reduction

Strategies and policies designed to minimize negative health, social, and legal impacts associated with human behaviors, such as drug use.

Detoxification Program

A medically supervised treatment plan aimed at removing toxic substances from the body, commonly used for addiction recovery.