PLEASE REPOND IN THE SAME FORMAT A TABLE LIKE THE ONE PROVIDED

A company reports the following for one of its products.

$\backslash$table$[[$Direct materials standard $(5$ pounds @ $$2$ per pound$),$$$10$ per unit$],[$Actual direct materials used $($AQ$),380,000$ pounds$],[$Actual units produced,$65,000$ units$],[$Actual cost of direct materials used,$$703,000]]$

$AQ=$ Actual Quantity

$SQ=$ Standard Quantity

$AP=$ Actual Price

$SP=$ Standard Price

Compute the direct materials price and quantity variances and identify each as favorable or unfavorable.