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:

Standard Quantity Standard Price

or Rate Standard

Cost

or Hours

Direct materials . . . . . . . . . . 4.6 pounds $2.50 per pound $11.50

Direct labor . . . . . . . . . . . . . 0.2 hours $12.00 per hour $2.40

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

a. Twenty thousand pounds of material were purchased at a cost of $2.35 per pound.

b. All of the material purchased was used to produce 4,000 units of Zoom.

c. 750 hours of direct labor time were recorded at a total labor cost of $10,425.

Required

1. Compute the materials price and quantity variances for the month, show the total

material spending variance.

2. Compute the labor rate and efficiency variances for the month, show the labor

spending (total) variance