Fletcher Company collected the following data regarding production of one of its products. Compute the total direct materials variance. Direct materials standard (4 pounds @ $2/pound) $ 8 per finished unit Actual direct materials used 116,000 pounds Actual finished units produced 28,000 units Actual cost of direct materials used $ 227,760

Multiple Choice

$8,000 favorable.

$3,760 unfavorable.

$4,240 favorable.

$8,000 unfavorable.

$3,760 favorable.