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 $6\mathrm{.}00$ pounds $ $3\mathrm{.}00$ per pound $ $18\mathrm{.}00$

Direct labor $0\mathrm{.}40$ hours $ $9\mathrm{.}00$ per hour $ $3\mathrm{.}60$

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

Eleven thousand six hundred pounds of material were purchased at a cost of $$2\mathrm{.}90$ per pound.

The company produced only $1,160$ units, using $10,440$ pounds of material. $($The rest of the material purchased remained in raw materials inventory.$)$

$564$ hours of direct labor time were recorded at a total labor cost of $$6,768.$

Required:

Compute the materials price and quantity variances for the month.