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 or Hours Standard Price or Rate Standard Cost Direct materials 6.96 pounds $ 2.66 per pound $ 1?.94 Direct labor 0.36 hours 5 1".06 per hour 5 2.16 During the most recent month, the following activity was recorded: a. 19,250.00 pounds of material were purchased at a cost of $2.40 per pound. to. All of the material purchased was used to produce 2,500 units of Zoom. c. 450 hours of direct labor time were recorded at a total labor cost of $4,500. Required: 1. Compute the materials price and quantity variances forthe month. 2. Compute the labor rate and efficiency variances for the month. [For all requirements, Indicate the effect of each variance by selecting "F\" for favorable, \"UN for unfavorable, and \"None" for no effect {i.e., zero variance}. Input all amounts as positive values. Round your intermediate calculations to the nearest whole dollar.} 1. Materials price variance 1. Materials quantityr variance 2. Labor rate variance 2. Labor efciency variance