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 243,000 pounds 40,000 units $ 483,570 Multiple Choice $2.430 unfavorable $3,570 unfavorable O 52.430 favorable