Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labour standards for one unit of Zoom follow: Direct materials Direct labour Variable overhead Standard Quantity or Hours 4.10 kilograms 0.40 hour 0.40 hour Standard Price or Rate $1.90 per kilogram $8.00 per hour $1.30 per hour Standard Cont $7.79 3.20 0.52 The budgeted fixed overhead cost is $14,810 per month. The denominator activity level of the allocation base is 1,320 direct labour- hours. During the most recent month, the following activity was recorded: a. 10,400 kilograms of material were purchased at a cost of $2.18 per kilogram. b. All of the material purchased was used to produce 3,300 units of Zoom. c. A total of 800 hours of direct labour time was recorded at a total labour cost of 8,960. d. The variable overhead cost was $1,600, and the fixed overhead cost was $26,228. Required: 1. Compute the direct materials price and quantity variances for the month. (Indicate the effect of each variance by selecting "F" for favourable, "U" for unfavourable, and "None" for no effect (i.e., zero variance).) Materials price variance Materials quantity variance