Fletcher Company collected the following data regarding production of one of its products. Compute the direct materials price variance. Direct materials standard (6 lbs. @ $2/1b.) 12 per finished unit 194,600 lbs Actual direct materials used Actual finis hed units produced 32,000 units Actual cost of direct materials used $386,850 Skipped Multiple Choice $5,200 unfavorable. $2,850 unfavorable $2,350 unfavorable. $2,350 favorable. $2,850 favorable