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 $1.75/pound) Actual cost of materials purchased Actual direct materials purchased and used Multiple Choice $30,400 unfavorable. $52,500 unfavorable. $52,500 favorable, $22,100 unfavorable. $22,100 favorable. 512.25 per finished unit $275,850 145,000 pounds