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: Direct materials Direct labor Standard Quantity or Hours 7.30 pounds 8.60 hours Standard Price on Rate $ 2.80 per pound Standard Cost $ 20.44 $ 5.40 $ 9.00 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 $2.50 per pound. b. All of the material purchased was used to produce 2,000 units of Zoom c. 1,000 hours of direct labor time were recorded at a total labor cost of $12,000 Prev 1 of 5 Next >