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 (6 lbs. @ $2/lb.) Actual direct materials used Actual finished units produced Actual cost of direct materials used $ 12 per finished unit 243,000 lbs. 40,000 units $483,570 o 243,000 pounds. o 480,000 pounds. o 40,000 pounds. o 80,000 pounds. 240,000 pounds