Georgia, Inc. has collected the following data on one of its products. The direct materials price variance is: Direct materials standard (3 lbs $2/1b) Total direct materials cost variance-unfavorable Actual direct materials used $6 per finished unit $24,750 120,000 lbs. Actual finished units produced Multiple Choice $55,750 favorable. $60,000 unfavorable $35,250 unfavorable 30,000 units