Zira Co. reports the following production budget for the next four months.

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

Zira Co. reports the following production budget for the next four months. April 572 May 600 June 606 July 586 Production (unita) Each finished unit requires four pounds of raw materials and the company wants to end each month with raw materials Inventory equal to 40% of next month's production needs. Beginning raw materials inventory for April was 915 pounds. Assume direct materials cost $5 per pound Prepare a direct materials budget for April, May, and June. (Round your intermediate calculations and final answers to the nearest whole dollar amount.) ZIRA CO. Direct Materials Budget For April, May, and June April May Budgeted production (units) 572 600 Materials requirements per unit 4 4 Materials needed for production (lbs.) 2,288 2.400 Budgeted ending inventory (lbs.) Total materials requirements (lbs.) Juno 586 units 4 lbs. 2,344 lbs. Materials to be purchased (lbs.) Total budgeted direct materials cost 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. e $5/1b.) 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 $20,000 favorable $16,630 favorable $3.970 unfavorable $3,370 favorable