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 7.00 pounds 0.45 hours Direct materials Direct labor Standard Price or Hate $2.20 per pound $7.00 per hour Standard Cost $15.60 $ 3.15 During the most recent month, the following activity was recorded a. 19,500.00 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 lobortime 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 (For all requirements, Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts os positive values, Round your intermediate calculations to the nearest whole dollor.) 1 Materials price variance Matenals quantity vanance Laborate variance 2 Labor efficiency vanance