Question 3 (of 11 3. 0o value 1.00 points Tercer reports the following on one of its products Direct materials standard (5 lbs$2/lb.) Actual direct materials used (AQ) Actual finished units produced Actual cost of direct materials used S 10 per finished unit 330,000 ibs 53,000 units $567,600 Compute the direct materials price and quantity variances Actual Cost Standard Cost AP AQ SP SQ x: SP AQ materials price variance ect imaterials quantity variance avorable Infavorable nfavorable Total di ect materials variance