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:

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	6.80	pounds	$	3.00	per pound	$	20.40
Direct labor	0.50	hours	$	11.00	per hour	$	5.50

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

1. 22,900.00 pounds of material were purchased at a cost of $2.70 per pound.

2. All of the material purchased was used to produce 3,000 units of Zoom.

3. 1,400 hours of direct labor time were recorded at a total labor cost of $18,200.

Required:

1. Compute the materials price and quantity variances for the month.

2. Compute the labor rate and efficiency variances for the month.

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

1. Ten thousand four hundred pounds of material were purchased at a cost of $2.90 per pound.

2. The company produced only 1,040 units, using 9,360 pounds of material. (The rest of the material purchased remained in raw materials inventory.)

3. 516 hours of direct labor time were recorded at a total labor cost of $6,192