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	7.30	pounds	$	2.80	per pound	$	20.44
Direct labor	0.60	hours	$	9.00	per hour	$	5.40

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

1. 16,600.00 pounds of material were purchased at a cost of $2.50 per pound.

2. All of the material purchased was used to produce 2,000 units of Zoom.

3. 1,000 hours of direct labor time were recorded at a total labor cost of $12,000.

Required:

1. Compute the materials price and quantity variances for the month.

2. Compute the labor rate and efficiency variances for the month.