1 5 . Adobe stowwe me Tools ChpB-Assignment 19 - > direct materials EXERCISE 8-2 Material and Labour Variances I I , Huron Company produces a commercial cleaning compound known as Zoom. The direct direct labour standards for one unit of Zoom follow: Standard Quantity Standard Price or Hours or Rate Direct materials... 2.1 kilograms $ 5.50 per kilogram Direct labour.... 0.2 hour 12.00 per hour Standard Cost $11.55 2.40 During the most recent month, the following activity was recorded: a. 9.000 kilograms of material were purchased at a cost of $5.20 per kilogram. b. All of the material purchased was used to produce 4,000 units of Zoom. Required: Compute the direct materials price and quantity variances for the month. 2. Compute the direct labour rate and efficiency variances for the month