Tercer reports the following on one of its products.

Direct materials standard (4 lbs. @ $2/lb.)	$ 8 per finished unit
Actual direct materials used (AQ)	320,000 Lbs.
Actual finished units produced	63,000 Units
Actual cost of direct materials used	$576,000

Compute the direct materials price and quantity variances.

AQ	X	AP		AQ	X	SP		SQ	X	SP
320,000	X			320,000	X				X
Direct Materials price variance		Favorable or Unfavorable
Direcrt materials quanity variance		Favorable or Unfavorable
Total direct Materials Variance		Favorable or Unfavorable

Please help me fill out this chart please