Fletcher Company collected the following data regarding production of one of its products. Compute the total direct materials cost variance.

Direct materials standard (3 lbs. @ $2/lb.)	$	6		per finished unit
Actual direct materials used		74,000		lbs.
Actual finished units produced		23,000		units
Actual cost of direct materials used	$	140,050

• $10,000 favorable.

• $2,050 unfavorable.

• $7,950 favorable.

• $10,000 unfavorable.

• $2,050 favorable.