Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor standards for one unit of Zoom are glven below: standard Quantity or Hours 6.0 pounds 0.59 hours standard Price or Rate $ 3.00 per pound $11.99 per hour standard Cost $20.40 $ 5.50 Direct materials Direct labor During the most recent month, the following activity was recorded: a. Twenty two thousand nine hundred pounds of material were purchased at a cost of $2.70 per pound. b. All of the material purchased was used to produce 3.000 units of Zoom. c. 1,400 hours of direct labor time were recorded at a total labor cost of $18,200. Requlred: 1. Compute the materials price and quantity variances for the month. 2. Compute the labor rate and efficiency variances for the month For all requirements, Indicate the effect of each varlance by selecting "F" for favorable, "U" for untavorable, and "None" for no effect il.e., zero var lance). Input all amounts es positive values. Round your Intermedlate calculations to the nearest whole dollar. 1. Materials price variance Materials quantity variance 2. Laborrate variance Labor efficiency variance