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) $ 12 per finished unit Actual direct materials used 200,650 pounds Actual finished units produced 33,000 units Actual cost of direct materials used $ 398,940 Multiple Choice $2,360 unfavorable. $2,940 unfavorable. $2,360 favorable. $5,300 unfavorable. $2.940 favorable