EXERCISE 9-13 Direct Materials and Direct Labor Variances L09-4, LO9-5 Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and dircct labor standards for one.unit.of Zoom.are given below Standard Quantity or Hours Standard Prilce or Rate Standard Cost Direct materials Direct labor. 4.6 pounds $2.50 per pound $18.00 per hour $11.50 0.2 hours $3.60 During the most recent month, the following activity was recorded: a Twenty thousand pounds of material wcre purchased at a cost of 52.35 per pound. All of the material purchased was used to poduce 4.000 units of Zoom. 750 hours ol directfaur time were reconded at a totlkhor cost of $14.925. Required I Compute the materials pnce and quantily vaniances fo the month. 2 Compute the 1wkor rate and ctticency riances for th month