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 pounds $ per pound $

Direct labor hours $ per hour $

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

Twenty thousand pounds of material were purchased at a cost of $ per pound.

All of the material purchased was used to produce units of Zoom.

hours of direct labor time were recorded at a total labor cost of $

Required:

Compute the materials price and quantity variances for the month.

Compute the labor rate and efficiency variances for the month.