Item8 Time Remaining 52 minutes 52 seconds00:52:52 Item 8 Time Remaining 52 minutes 52 seconds00:52:52 Fletcher Company collected the following data regarding production of one of its products. Compute the direct materials price variance. Direct materials standard (6 pounds @ $2/pound) $ 12 per finished unit Actual direct materials used 291,400 pounds Actual finished units produced 48,000 units Actual cost of direct materials used $ 580,290