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 Cost

Direct materials

$4\mathrm{.}6$ pounds

$$2\mathrm{.}50$ per pound

$$11\mathrm{.}50$

Direct labor

$0\mathrm{.}2$ hours

$$18\mathrm{.}00$ per hour

$$3\mathrm{.}60$

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

a$.$ Twenty thousand pounds of material were purchased at a cost of $$2\mathrm{.}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 $$14,925.$

Required:

Compute the materials price and quantity variances for the month.

Compute the labor rate and efficiency variances for the month.

Note: 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 as positive values.