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 Standard Price or late or Hours 4.20 kilograma 0.39 hour 5 1.90 per kilogram Standard Cost $7.98 0.39 hour $ 1.60 per hour $10.00 per hour 3.90 0.62 The budgeted fixed overhead cost is $14,612 per month. The denominator activity level of the allocation base is 1,014 direct labour- hours. During the most recent month, the following activity was recorded: a. 9,700 kilograms of material were purchased at a cost of $2.18 per kilogram. b. All of the material purchased was used to produce 2,600 units of Zoom. c. A total of 790 hours of direct labour time was recorded at a total labour cost of 9,164. d. The variable overhead cost was $1,580, and the fixed overhead cost was $20,148 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