Fletcher Company collected the following data regarding production of one of its products. Compute the total direct materials variance.

Direct materials standard (1 pounds @ $6/pound)	$ 6	per finished unit
Actual direct materials used	23,000	pounds
Actual finished units produced	21,000	units
Actual cost of direct materials used	$ 128,480

Multiple Choice

$9,520 favorable.

$12,000 favorable.

$2,480 unfavorable.

$12,000 unfavorable.

$2,480 favorable.

Fletcher Company collected the following data regarding production of one of its products. Compute the total direct materials variance. Multiple Choice $9,520 favorable. $12,000 favorable. $2,480 unfavorable. $12,000 unfavorable. $2,480 favorable