collected the following data regarding production of one of lts products. Compute the standard quantity alowed for the actual output Direct materials standard (6 lbs. $2/1b.) 12 per finished unit Actual direct materials used Actual finished units produced Actual cost of direct materials used 243,000 lbs. 40,000 units $483,570 Multiple Choice 243,000 pounds 240,000 pounds 40,000 pounds 480,000 pounds 80,000 pounds