Georgia, Inc. has collected the following data on one of its products. The direct materials quantity variance is: Direct materials standard (4 lbs. @ $1/lb.) $4 per finished unit Total direct materials cost varianceunfavorable $13,750 Actual direct materials used 150,000 lbs. Actual finished units produced 30,000 units A. $30,000 favorable. B. $13,750 unfavorable. C. $16,250 favorable. D. $30,000 unfavorable. E. $13,750 favorable. also, what is the direct materials price variance