Delta 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: Direct materials standard (7 lb. @ \$2/lb.) \$14 per finished unit Actual cost of materials purchased $322,500 Actual direct materials purchased and used 150,000 lbs. $22,500 favorable. $22,500 unfavorable. $27,500 unfavorable. $50,000 unfavorable. $50,000 favorable