Fletcher Company collected the following data regarding production of one of its products. Compute the standard quantity allowed for the actual output Direct materials standard (8 lbs. $3/lb.) Actual direct materials used Actual finished units produced Actual cost of direct materials used $ 24 per finished unit 269,000 lbs. 33,000 units $796,000 Multiple Choice 264.000 pounds 792.000 pounds 33.000 pounds 269.000 pounds