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 $ 12 per finished unit 255,100 lbs. 42,000 units $507,750 $2,450 unfavorable. $3,750 unfavorable. $2,450 favorable. $6,200 unfavorable. $3,750 favorable