Fletcher Company collected the following data regarding production of one of its products. Compute the total direct materials cost variance. $ Direct materials standard (1 lbs. @ $5/lb.) Actual direct materials used Actual finished units produced Actual cost of direct materials used 5 per finished unit 29,000 lbs. 25,000 units $128,370 Multiple Choice O $20,000 favorable. $3,370 unfavorable. O $16,630 favorable. $3,370 favorable. O $20,000 unfavorable