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Huron Company produces a cleaning compound known as Zoom. The direct materials and direct labor standards for one unit of Zoom are given below: During
Huron Company produces a cleaning compound known as Zoom. The direct materials and direct labor standards for one unit of
Zoom are given below:
During the most recent month, the following activity was recorded:
a pounds of material were purchased at a cost $ per pound.
b All of the material purchased was used to produce units of Zoom.
c hours of direct labor time were recorded at a total labor cost of $
Requlred:
Compute the materials price and quantity variances for the month.
Compute the labor rate and efficiency variances for the month.
Note: For all requlrements, Indleate the effect of each varlance by selecting F for fovorable, U for unfavorable, and
"None" for no effect le zero varlance Input all amounts as positive values. Round your Intermedlate calculatlons to the
nearest whole dollar.
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