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: Standard Quantity or Hours Standard Price or Rate Standard Cost

6.80 pounds $ 3.00 per pound $20.40

Direct labor: Standard Quantity or Hours Standard Price or Rate Standard Cost

0.50 hours $11.00 per hour $ 5.50

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

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

b. All of the material purchased was used to product 3,000 units of Zoom.

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

" Chrome File Edit View History Bookmarks People Tab Window Help 7 81% Wed Dec 9 9:03:23 AM Q ... ACC-121-OSI1 2020FA: McGra x McGraw-Hill Education Campu: X 5 Connect X + C A ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%252F#/activity/.. W Chapter 10 - Homework Saved Help Save & Exit Submit You received partial credit in the previous attempt. Check my work 2 View previous attempt Required: 1. Compute the materials price and quantity variances for the month. 2. Compute the labor rate and efficiency variances for the month. 6.66 (For all requirements, Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no points effect (i.e., zero variance). Input all amounts as positive values. Round your intermediate calculations to the nearest whole dollar.) eBook 1 . Materials price variance $ 6,870 F Print Materials quantity variance $ 59,700 U 2. Labor rate variance $ (2,800) U Labor efficiency variance $ 1,100 F Mc Hill DEC 9 . . . O