Fletcher Company collected the following data regarding production of one of its products. Compute the total direct materials cost variance Direct materials standard (4 lbs. $4/1b.)16 per finished unit Actual direct materials used Actual finished units produced Actual cost of direct materials used 98,000 1bs 24,000 units $387,450 Multiple Choice $8,000 favorable $3,450 unfavorable $4,550 favorable. $8,000 unfavorable $3,450 favorable Parallel Enterprises has collected the following data on one of its products. During the period the company produced 25,000 units. The direct materials price variance is Direct materials standard (7 kg. e $1.65/kg Actual cost of materials purchased Actual direct materials purchased and used $11.55 per finished unit $257,850 143,000 kgs Multiple Choice $30,900 unfavorable $52,800 unfavorable $52,800 favorable $21,900 unfavorable. $21,900 favorable