Huron Company produces a commercial cleaning compound known as Zoom, The direct materlais and direct labor standards for one unt of Zoom sre given below During the most recent month, the following acbity was recorded: A. 9,700.00 pounds of matectal were purchased at a cost of $2.20 per pound: b. All of the meterial purchased was uned to pioduce t,000 unts of Zoom. c. 200 hours of direct labor time were recorded at a total laber cost of St,400 Pequired: 1. Computo the materials price and guanty variances for the month. 2. Compule the laber rate and efficiency varlances for the month. Fer ali requirements, Indicate the effect of each variance by selecting "NF" for tavorable, "U" for unfavorable, and "None" for no