(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	6.90	pounds	$	2.60	per pound	$	17.94
Direct labor	0.30	hours	$	7.00	per hour	$	2.10

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

1. Nineteen thousand two hundred and fifity pounds of material were purchased at a cost of $2.40 per pound.

2. All of the material purchased was used to produce 2,500 units of Zoom.

3. 450 hours of direct labor time were recorded at a total labor cost of $4,500.

Required:

1. Compute the materials price and quantity variances for the month.

2. Compute the labor rate and efficiency variances for the month.

(For all requirements, 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. Round your intermediate calculations to the nearest whole dollar.)

(2.) Via Gelato is a popular neighborhood gelato shop. The company has provided the following cost formulas and actual results for the month of June:

	Fixed Element per Month			Variable Element per Liter			Actual Total for June
Revenue				$	23.00		$	140,540
Raw materials				$	5.75		$	37,030
Wages	$	6,700		$	2.50		$	21,800
Utilities	$	2,730		$	1.30		$	11,600
Rent	$	3,700					$	3,700
Insurance	$	2,450					$	2,450
Miscellaneous	$	760		$	1.45		$	9,390

While gelato is sold by the cone or cup, the shop measures its activity in terms of the total number of liters of gelato sold. For example, wages should be $6,700 plus $2.50 per liter of gelato sold and the actual wages for June were $21,800. Via Gelato expected to sell 6,100 liters in June, but actually sold 6,300 liters.

Required:

Calculate Via Gelato revenue and spending variances for June. (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.)