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	7.80	pounds	$ 2.30	per pound	$ 17.94
Direct labor	0.30	hours	$ 8.00	per hour	$ 2.40

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

Twenty five thousand nine hundred pounds of material were purchased at a cost of $2.10 per pound.

All of the material purchased was used to produce 3,000 units of Zoom.

700 hours of direct labor time were recorded at a total labor cost of $6,300.

Required:

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

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