Five Rings, Inc, has collected the following data on one of its products: Direct materials standard (4 lbs.@ $ 1.00/b.) $4.00per finished unit $11,050 157,500 lbs 31,500 units Total direct materials cost variance- unfavorable Actual direct materials used Actual finished units produced The actual cost of the direct materials used is: $137,050 $157,500 O $114,950 $168,550 O $126,000