Exercise $9-14($Algo$)$ Direct Materials Variances $[$LO$9-4]$

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:

$\backslash$table$[[,\backslash$table$[[$Standard$],[$Quantity or$],[$Hours$]],\backslash$table$[[$Standard Price or$],[$Rate$]],\backslash$table$[[$Standard$],[$Cost$]]],[$Direct materials,$\backslash$table$[[5\mathrm{.}40$ pounds$]],$$$3\mathrm{.}00$ per pound,$$16\mathrm{.}20$