Parrish Company Had the Following Information Available for Its Specialty

question 64

Multiple Choice

Parrish Company had the following information available for its specialty product:
Standards for one unit of product:
Direct Materials: 5 pounds at $2 per pound
Direct Labor: 0.50 hour at $16 per hour
Materials and Labor Used to produce 8,500 units:
Direct Materials: ? pounds at $2.10 per pound
Direct Labor: 4,000 hours at $16.80 per hour
If the Direct Materials Quantity Variance is $7,000 Unfavorable,what is the actual quantity of direct materials used?

• A) 7,000
• B) 42,500
• C) 46,000
• D) 47,000

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Definitions:

Defamation

A false statement that injures someone's reputation, either written (libel) or spoken (slander), leading to legal consequences.

Good Reputation

The positive perception of an entity (individual, organization, product) based on its actions, ethics, and performance.

Outrageous Conduct

Actions that are extremely offensive, shocking, or beyond the bounds of acceptable societal behavior.

Emotional Distress

A legal term for the mental anguish or suffering one endures as the result of another party's conduct, potentially actionable in personal injury claims.