16 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: 2 01:18:22 Direct materials standard (7 kg. @ $2.65/kg.) Actual cost of materials purchased Actual direct materials purchased and used $14.35 per finished unit $332,150 151,000 kgs. Multiple Choice $22,600 unfavorable. $22,600 favorable. $49,200 unfavorable. $49,200 favorable $26,600 unfavorable