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

Huron Company produces a cleaning compound known as Zoom. The direct materlals and direct labor standards for one unit of Zoom are given below:
\table[[,\table[[Standard],[Quantity or],[Hours]],Standard Price or Rate,Standard cost],[Direct materials,5.70 pounds,$2.50 per pound,514.25],[Dinect labor,0.50 hours,$7.50 per hour,83.75]]
During the most recent month, the following activity was recorded:
a. Eleven thousand pounds of materlal were purchased at a cost of $2.40 per pound.
b. The company produced only 1,100 units, using 9,900 pounds of material. (The rest of the material purchased remained in raw materlals inventory.)
c.650 hours of direct labor time were recorded at a total labor cost of $7,800.
Required:
Compute the materlals price and quantity varlances for the month.
Note: Indlcate the effect of each varlance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (l.e., zero varlance). Input all amounts as positive values.
\table[[Materials price variance,],[Materials quantity variance,]]
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