Fletcher Company collected the following data regarding production of one of its products. Compute the direct materials price variance. Direct materials standard (6 lbs. @ $2/lb.) Actual direct materials used Actual finished units produced Actual cost of direct materials used $ per finished 12 unit : 243,000 lbs. 40,000 units $ 483,570 $2,430 unfavorable. $3,570 unfavorable. $2,430 favorable. $6,000 unfavorable. $3,570 favorable