Fletcher Company collected the following data regarding production of one of its products. Compute the total direct materials cost variance. Direct materials standard (1 lbs. @ $3/1b. ) Actual direct materials used Actual finished units produced Actual cost of direct materials used $ 3 per finished unit 30,000 lbs. 26,000 units $80,600 Multiple Choice $12,000 favorable. O $2,600 unfavorable. $9,400 favorable. $12,000 unfavorable. $2,600 favorable