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 @ $2.15/pound)	$ 15.05	per finished unit
Actual cost of materials purchased	$ 351,750
Actual direct materials purchased and used	153,000	pounds

Multiple Choice

$24,500 unfavorable.

$47,300 unfavorable.

$47,300 favorable.

$22,800 unfavorable.

$22,800 favorable.