3 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. 10 Direct materials Direct labor Quantity of Standard Price and Ho coat 7.90 pounds 52.10 per pound $16.99 6.50 15.00 PM 03:10:49 During the most recent month, the following activity was recorded a. 14,850.00 pounds of material were purchased at a cost of $200 per pound. b. All of the material purchased was used to produce 1500 units of Zoom c.600 hours of direct labor time were recorded at a total labor cost of $4.200 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 for favorable. "U" for unfavorable, and "None" for no effect (le, zero variance). Input all amounts as positive values. Round your intermediate calculations to the nearest whole dollar) 1. Materials provine 2 Help Save & Exit 3 a. 14,850.00 pounds of material were purchased at a cost of $2.00 per pound, b. All of the material purchased was used to produce 1,500 units of Zoom c. 600 hours of direct labor time were recorded at a total labor cost of $4,200. 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 "P" for favorable, "U" for unfavorable, and "None" for no effect (.e., zero variance). Input all amounts as positive values. Round your intermediate calculations to the nearest whole dollar) 12.10:29 OOK 1 Tint Materials price variance Materiais quantity variance Labor rate variance Labor efficiency variance 2 3 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. 10 Direct materials Direct labor Quantity of Standard Price and Ho coat 7.90 pounds 52.10 per pound $16.99 6.50 15.00 PM 03:10:49 During the most recent month, the following activity was recorded a. 14,850.00 pounds of material were purchased at a cost of $200 per pound. b. All of the material purchased was used to produce 1500 units of Zoom c.600 hours of direct labor time were recorded at a total labor cost of $4.200 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 for favorable. "U" for unfavorable, and "None" for no effect (le, zero variance). Input all amounts as positive values. Round your intermediate calculations to the nearest whole dollar) 1. Materials provine 2 Help Save & Exit 3 a. 14,850.00 pounds of material were purchased at a cost of $2.00 per pound, b. All of the material purchased was used to produce 1,500 units of Zoom c. 600 hours of direct labor time were recorded at a total labor cost of $4,200. 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 "P" for favorable, "U" for unfavorable, and "None" for no effect (.e., zero variance). Input all amounts as positive values. Round your intermediate calculations to the nearest whole dollar) 12.10:29 OOK 1 Tint Materials price variance Materiais quantity variance Labor rate variance Labor efficiency variance 2