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 kg. $2.15/kg.) Actual cost of materials purchased Actual direct materials purchased and used $15.05 per finished unit $351,750 153,000 kgs Multiple Choice $47,300 unfavorable. $24,500 unfavorable. $22,800 favorable.