Direct materials standard $(3$ pounds @ $$3$ per pound$)$

Actual direct materials used $(AQ)$

Actual units produced

Actual cost of direct materials used

$$9$ per unit

$250,000$ pounds

$60,000$ units

$$687,500$

$AQ=$ Actual Quantity

$SQ=$ Standard Quantity

$AP=$ Actual Price

$SP=$ Standard Price

Compute the direct materials price and quantity variances and identify eagh as favorable or unfavorable.