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/kg) $ 14 per finished unit Actual cost of materials purchased Actual direct materials purchased and used $ 322,500 150,000 kgs. $22.500 unfavorable $50,000 unfavorable: $22.500 favorable $27,500 unfavorable $50,000 favorable