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 variances: Direct materials standard (7 kg. $1.85/kg.) Actual cost of materials purchased Actual direct materials purchased and used $12.95 per finished unit $294,250 147,000 kgs. Multiple Choice $29,500 unfavorable. $22,300 unfavorable. $51,800 unfavorable. $22,300 favorable. $51,800 favorable