During the most recent month, the following activity was recorded: a. Thirteen thousand two hundred and fifty pounds of material were purchased at a cost of $220 per pound b. All of the material purchased was used to produce 1.500 units of Zoom c. 1,000 hours of direct labor time were recorded at a total labor cost of $9,000 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 fovorable, "U" for unfovorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive volues. Round your intermediate calculations to the nearest whole dollar.) During the most recent month, the following activity was recorded: a. Thirteen thousand two hundred and fifty pounds of material were purchased at a cost of $220 per pound b. All of the material purchased was used to produce 1.500 units of Zoom c. 1,000 hours of direct labor time were recorded at a total labor cost of $9,000 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 fovorable, "U" for unfovorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive volues. Round your intermediate calculations to the nearest whole dollar.)