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.) Actual direct materials used Actual finished units produced Actual cost of direct materials used 12 per finished unit 212, 750 lbs. 35, 000 units $423,120 Multiple Choice $3,120 unfavorable. $2,380 unfavorable. $2,380 favorable. $3,120 favorable. $5,500 unfavorable