AQ=ActualQuantitySQ=StandardQuantityAP=ActualPriceSP=StandardPrice Compute the direct materials price and quantity variances and identify each as favorable or unfavorable

A company reports the following for one of its products. Stam'ard (4 S2 per pour"" Actual direct materials used Actual units produced Actual cost Of direct materials used = Actual Quantity SO = Standard Guantity AP = Actual price SP Standard Price 320, eee units s 5te,ee Compute the direct materials price and and identify oath as favorable Or unfavorable.