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 0.42 hour 0.42 hour Standard Price on Rate $2.20 per kilogram $8.00 per hour $1.30 per hour Standard Cost $9.02 3.36 0.55 The budgeted fixed overhead cost is $14,619 per month. The denominator activity level of the allocation base is 1,596 direct labour- hours. During the most recent month, the following activity was recorded: a. 9,100 kilograms of material were purchased at a cost of $2.22 per kilogram. b. All of the material purchased was used to produce 3,800 units of Zoom. c. A total of 790 hours of direct labour time was recorded at a total labour cost of 9,243. d. The variable overhead cost was $1,580, and the fixed overhead cost was $31,713 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