QS 21-8 (Algo) Direct materials price and quantity variances LO P3

OS 21-8 (Algo) Direct materials price and quantity variances LO P3 A company reports the foliowing for one of its products. Direct Standard (4 pour-u's per pound) Actual direct materials used (AOI units produced Actuat cost ot direct nateriats used Actual Quantity SC Standa'd Ouantity AP Actual Price SP Standard PILCO S 12 unit "e, eee pounds 75,eee units s 999,eee Compute direct ano quantity variances and identity each as favorable or unfavorable.