Question 24 The following information is available for Munter Manufacturing Company Direct materials price standard is $3.25 per pound. - Direct materials quantity standard is six pounds per finished unit. Budgeted production is 25,000 finished units. 175,000 pounds of direct materials were purchased for $525,000. -175,000 pounds of direct materials were used in production. 25,600 finished units of product were produced. What is the direct materials price variance? $43,750 Unfavorable $43,750 Favorable O$350,000 Unfavorable O $350,000 Favorable