Can someone please help me with this one?

Tercer reports the following for one of its products. Direct materials standard (4 lbs. @ $3 per lb.) Actual direct materials used (AQ) Actual finished units produced Actual cost of direct materials used 12 per finished unit 310,000 lbs. 62,000 units $852,500 AQ = Actual Quantity SQ = Standard Quantity AP = Actual Price SP = Standard Price Compute the direct materials price and quantity variances and classify each as favorable, unfavorable or no variance. Actual Cost Standard Cost 0 0 $ 0 $ 0 0 ne of its products. 4 lbs. @ $3 per lb.) d (AQ) ced ials used $ 12 per finished unit 310,000 lbs. 62,000 units $852,500 ce and quantity variances and classify each as favorable, unfavorable or no Standard Cost $ 0 $ 0 $ 0 0