Fletcher Company collected the following data regarding production of one of its products. Compute the direct materials price variance. Direct materials standard (6 pounds @ $2/pound) Actual direct materials used Actual finished units produced Actual cost of direct materials used $ 12 per finished unit 188,550 pounds 31,000 units $ 374,760 Multiple Choice $5,100 unfavorable. $2,760 favorable. $2,340 favorable. $2,340 unfavorable. O $2,760 unfavorable