Parallel 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 pounds @ $1.50/pound) $ 11.20 per finished unit Actual cost of materials purchased $ 249,000 Actual direct materials purchased and used 142,000 pounds Multiple Choice $31.000 unfavorable $52.800 unfavorable