Fletcher Company collected the following data regarding production of one of its products. Compute the total direct materials cost variance.

Fletcher Company collected the following data regarding production of one of its products. Compute the total direct materials cost variance. Direct materials standard (2 lbs. @ $6/lb.) Actual direct materials used Actual finished units produced Actual cost of direct materials used $ 12 per finished unit 51,000 lbs. 23,000 units $278,760 Multiple Choice $30,000 favorable. I o O $2,760 unfavorable. o $2,760 favorable. o o $30,000 unfavorable. o $30,000 favorabl. o $2,760 unfavorable. o $2,760 favorabl. o $30,000 unfavorabl. o $27,240 favorabl