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 Standard Price or Standard Hours Rate Cost Direct materials 186 pounds 5 2.26 per pound 35 15.40 Direct labor 6.45 hours 5 166 per hour 35 3.15 During the most recent month: the following activity was recorded: a. Nineteen thousand five hundred pounds of material were purchased at a cost of $2.10 per pound- b. All of the material purchased was used to produce 2,500 units of Zoom. c.1025 hours of direct labor time were recorded at a total labor cost of $9,225. Required: 1. Compute the materials price and quantity variances for the month. 2. Compute the labor rate and efficiency variances for the month