Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor standards for unit ol Zoom de given below: Standard Quantity Standard Direct materials Direct labo 6.00 pounds 0.50 hours Standard Price $ 2.30 per pound $10.00 per hour $11. During the most recent month, the following activity was recorded: a. 11,000.00 pounds of material were purchased at a cost of $2.10 per pound. b. All of the material purchased was used to produce 1.500 units of Zoom c. 500 hours of direct labor time were recorded at a total labor cost of $6.500, Required: 1. Compute the materials price and quantity variances for the month 2. Compute the labor rate and efficiency variances for the month (For till requirements, indicate the effect of ench vorionce by selecting "P" for favorable. "U" for unfavorable, and "None" for no offect (1... sero variance). Input all amounts os positive values. Round your intermediate calculations to the nearest whole dollar) 11 Materials prevarance Matantty vananca Laboravanco Laboracy Venance 2