Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct fabor standards for one unit of Zoom are given below: During the most recent month, the following activity was recorded: a. Thiteen thousand four hundred pounds of material were purchased at a cost of $240 per pound. b. The company produced only 1,340 units, using 12,060 pounds of material (The rest of the material purchased remained in raw materials inventory) C. 770 hours of direct labor time were recorded at a total labor cost or $9,240 Required: Compute the materiais price and quanty variances for the month. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i,e., zero variance), Input all omounts as positive volues. Do not round intermediate colculotions.)