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Fletcher Company Collected the Following Data Regarding Production of One

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Fletcher Company collected the following data regarding production of one of its products. Compute the direct materials price variance.  Direct materlals stardard (6lbs. @ $2/16.)  $12 per finished unit  Actual direct materials used 243,000 lbs.  Actual finished units produced 40,000 units  Actual cost of direct materials used$483,570\begin{array} { l rl} \text { Direct materlals stardard (6lbs. @ \$2/16.) } & \$ 12 & \text { per finished unit } \\\text { Actual direct materials used } & 243,000 & \text { lbs. } \\\text { Actual finished units produced } & 40,000 & \text { units }\\\text { Actual cost of direct materials used}&\$483,570\\\end{array}


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