24. The following information is available for Geek Manufacturing Company. - Direct materials price standard is $4.50 per pound. Direct materials quantity standard is seven pounds per finished unit. -- Budgeted production is 25,000 finished units. 200,000 pounds of direct materials were purchased for $925,000. 200,000 pounds of direct materials were used in production. - 25,600 finished units of product were produced. What is the direct materials price variance? I A) $25,000 Unfavorable B) $25,000 Favorable C) $350,000 Unfavorable D) $350,000 Favorable 25. The following information is presented for the Stable Manufacturing Company. Direct labor rate standard is $11.55. Direct labor efficiency standard is 25 hours per unit Budgeted production is 1,200 units. Production required 2,910 direct labor hours at a cost of $33,174. Actual production is 1,150 units. What is the direct labor efficiency variance? A) $404 25 Favorable B) $404.25 Unfavorable C) $1,039,50 Favorable D) $1,039.50 Unfavorable