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Fletcher Company collected the following data regarding production of one of its products. Compute the direct materials price variance. Direct materials standard (6 lbs. @

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/lb.) $ 12 per finished unit
Actual direct materials used 243,000 lbs.
Actual finished units produced 40,000 units
Actual cost of direct materials used $ 483,570

Multiple Choice

  • $3,570 favorable.

  • $6,000 unfavorable.

  • $3,570 unfavorable.

  • $2,430 favorable.

  • $2,430 unfavorable.

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