hapter 21 to 24 Spring 2021 Saved Help Save & Exit Sub MC Qu. 138 Fletcher Company collected the following... 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. @ $4/1b.) Actual direct materials used Actual finished units produced Actual cost of direct materials used -54 4 per finished unit 34,000 lbs. 30,000 units $123,420 Multiple Choice $3,420 favorable $3.420 unfavorable $12.580 favorable Multiple Choice $3,420 favorable $3,420 unfavorable. $12,580 favorable. $16,000 favorable $16.000 unfavorable