Huron Company produces a commercial 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	4.6	pounds	$	2.50	per pound	$	11.50
Direct labor	0.2	hours	$	18.00	per hour	$	3.60

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

1. Twenty thousand pounds of material were purchased at a cost of $2.35 per pound.

2. All of the material purchased was used to produce 4,000 units of Zoom.

3. 750 hours of direct labor time were recorded at a total labor cost of $14,925.

Required:

1. Compute the materials price and quantity variances for the month.

2. Compute the labor rate and efficiency variances for the month.

1.	Materials price variance		F
	Materials quantity variance		U
2.	Labor rate variance
	Labor efficiency variance