Chapter Ten 6 10 points Skipped eBook Print References Mc Untent/ Fall 2022-... Standard Quantity or Hours 6.80 pounds 0.50 hours During the most recent month, the following activity was recorded: Direct materials Direct labor 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 Price or Rate $3.00 per pound $ 11.00 per hour a. 22,900.00 pounds of material were purchased at a cost of $2.70 per pound. b. All of the material purchased was used to produce 3.000 units of Zoom. c. 1,400 hours of direct labor time were recorded at a total labor cost of $18,200. 1. Materials price variance 1. Materials quantity variance 2. Labor rate variance 2. Labor efficiency variance Java Programming... Standard Cost $ 20.40 $5.50 Saved Required: 1. Compute the materials price and quantity variances for the month. 2 Compute the labor rate and efficiency varlances 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 (le, zero varlance). Input all amounts as positive values. Round your Intermediate calculations to the nearest whole dollar) < Prev Document4.docx -... 6 of 8 Next >