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: During the most recent month, the following activity was recorded: a. Thirteen thoukand six hundred pounds of materal were purchased at a cost of $2.90 per pound b. The company produced only 1,360 units, using 12.240 pounds of material (The rest of the material purchased remained in faw materials inventory) c. 644 hours of direct labor time were recorded at a fotal iabor cost of $7728 Required: Compute the materials price and quantity vanances for the month (Indicote the effect of eoch variance by selecting "F" for favorobie, "U" for unfavoroble, and "None" for no effect (i.e., zero variance), Input all amounts as positive values.)