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	7.90	pounds	$	2.10	per pounds	$	16.59
Direct labor	0.50	hours	$	5.00	per hour	$	2.50

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

a.

14,850 pounds of material were purchased at a cost of $2.00 per pound.

b.

All of the material purchased was used to produce 1,500 units of Zoom.

c. 600 hours of direct labor time were recorded at a total labor cost of $4,200.

Required:

1.

Compute the materials price and quantity 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).)

Direct materials price variance

Direct materials quality variance

2.

Compute the labor rate and efficiency 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). Do not round your intermediate calculations.) Direct labor rate variance Direct labor efficiency variance