Huron Company produces a cleaning compound known as Zoom. The direct materials and direct labor standards for one unit of Zoom are given below:

Standard Quantity or Hours Standard Price or Rate Standard Cost

Direct materials $7\mathrm{.}80$ pounds $ $2\mathrm{.}30$ per pound $ $17\mathrm{.}94$

Direct labor $0\mathrm{.}30$ hours $ $8\mathrm{.}00$ per hour $ $2\mathrm{.}40$

During the most recent month, the following activity was recorded:

$25,900\mathrm{.}00$ pounds of material were purchased at a cost of $$2\mathrm{.}10$ per pound.

All of the material purchased was used to produce $3,000$ units of Zoom.

$700$ hours of direct labor time were recorded at a total labor cost of $$6,300.$

Required:

Compute the materials price and quantity variances for the month.

Compute the labor rate and efficiency variances for the month