QS $08-8($Algo$)$ Direct materials price and quantity variances LO P$3$

A company reports the following for one of its products.

$\backslash$table$[[$Direct materials standard $(4$ pounds a $$3$ per pound$),$$$12$ per unit$],[$Actual direct materials used $($AQ$),290,000$ pounds$],[$Actual units produced materials used,$60,000$ units$],[$Actual cost of direct materiat,$$83,000$