just need help finishing

QS 21-8 Materials variances LO P2

Tercer reports the following on one of its products.

Direct materials standard (5 lbs. @ $2/lb.)

$

10

per finished unit

Actual direct materials used (AQ)

325,000

lbs.

Actual finished units produced

53,000

units

Actual cost of direct materials used

$

575,250

Actual Cost			0				0	Standard Cost
AQ	x	AP		AQ	x	SP		SQ	x	SP
325,000	x	$1.77			x				x
	$575,250
			$0	0			$0
Direct materials price variance				$0	Favorable
Direct materials quantity variance				0	Unfavorable
Total direct materials variance					Unfavorable