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:

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

1. Eleven thousand four hundred pounds of material were purchased at a cost of $2.40 per pound.

2. The company produced only 1,140 units, using 10,260 pounds of material. (The rest of the material purchased remained in raw materials inventory.)

3. 670 hours of direct labor time were recorded at a total labor cost of $8,040.

Standard Quantity or Hours 5.90 pounds 0.50 hours Standard Price or Rate $2.50 per pound $8.50 per hour Standard Cost $14.75 $ 4.25 Direct materials Direct labor