Fletcher Company collected the following data regarding production of one of its products. Compute the direct materials quantity variance. Direct materials standard (6 lbs. @ $2/lb.) Actual direct materials used Actual finished units produced Actual cost of direct materials used $ 12 per finished unit 194,600 lbs. 32,000 units $386,850 Multiple Choice $5,200 unfavorable. $2,850 favorable. $2,350 favorable. $2,850 unfavorable. $2,350 unfavorable