1. Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor standards for one unit of Zoom are given below:

	Standard Quantity or Hours		Standard Price or Rate			Standard Cost
Direct materials	6.80	pounds	$	3.00	per pound	$	20.40
Direct labor	0.40	hours	$	13.00	per hour	$	5.20

During the most recent month, the following activity was recorded:

1. Thirteen thousand two hundred pounds of material were purchased at a cost of $2.90 per pound.

2. The company produced only 1,320 units, using 11,880 pounds of material. (The rest of the material purchased remained in raw materials inventory.)

3. 628 hours of direct labor time were recorded at a total labor cost of $7,536.

Required:

Compute the materials price and quantity variances for the month. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values. Do not round intermediate calculations.)

2.

SkyChefs, Inc., prepares in-flight meals for a number of major airlines. One of the companys products is grilled salmon in dill sauce with baby new potatoes and spring vegetables. During the most recent week, the company prepared 3,500 of these meals using 1,710 direct labor-hours. The company paid its direct labor workers a total of $23,940 for this work, or $14.00 per hour.

According to the standard cost card for this meal, it should require 0.50 direct labor-hours at a cost of $13.50 per hour.

Required:

2A. What is the standard labor-hours allowed (SH) to prepare 3,500 meals?

2B. What is the standard labor cost allowed (SH SR) to prepare 3,500 meals?

2C. What is the labor spending variance?

2D. What is the labor rate variance and the labor efficiency variance?

(For requirements 3 and 4, indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values. Do no round intermediate calculations.)