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Georgia, Inc. has collected the following data on one of its products. The direct materials price variance is: Direct materials standard (3 lbs e $1/lb)

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Georgia, Inc. has collected the following data on one of its products. The direct materials price variance is: Direct materials standard (3 lbs e $1/lb) Total direct materials cost variance-unfavorable $26,250 Actual direct materials used Actual finished units produced $3 per finished unit 140,000 lbs 35,000 units Multiple Choice $30,750 favorable $8,750 unfavorable $26,250 unfavorable $8,750 favorable. $35,000 unfavorable

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