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 @ $2.10/pound) Actual cost of materials purchased Actual direct materials purchased and used $ 14.70 per finished unit $ 341,900 152,000 pounds Multiple Choice $22,700 unfavorable. $48,300 unfavorable. $48,300 favorable. $25,600 unfavorable. $22,700 favorable.