Fletcher Company collected the following data regarding production of one of its products. Compute the direct materials quantity variance. Direct materials standard (6 lbs. @ $2/lb.) $ 12 per finished unit Actual direct materials used 236,950 lbs. Actual finished units produced 39,000 units Actual cost of direct materials used $ 471,480 Multiple Choice $3,480 favorable. $2,420 unfavorable. $3,480 unfavorable. $2,420 favorable. $5,900 unfavorable.