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 Standard Price Standard Cost $16.43 $ 4.22 Hours or Rate Direct materials Direct labor 7.30 pounds $2.25 per pound 0.65 hours 6.50 per hour During the most recent month, the following activity was recorded: a. 16,600.00 pounds of material were purchased at a cost of $2.05 per pound b. All of the material purchased was used to produce 2,000 units of Zoom c. 1,200 hours of direct labor time were recorded at a total labor cost of $11,400