Huron Company produces a commercial cleaning compound known as Zoom The direct materials and direct labor standards tor one unit of Zoom are given below During the most recent month, the following activity was recorded a. Twenty thousand pounds of material were purchased at a cost of $2 35 per pound b. All ol the material purchased was used to produce 4 000 units of Zoom c.750 houis ot duect labor time were recorded at a total labor cost of $ 10.425. Required: 1.Computo the materials price and quantity variances lor the month. 2.Computo the labor lato and efficioncy variances loi Ihe month