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 Price Standard Quantity or Urs 7.10 pounds 0.20 hours Standard Cost $12.78 2.40 Direct saterials Direct labor $ 1.80 per pound $12.00 per hour During the most recent month, the following activity was recorded a. 19.250.00 pounds of material were purchased at a cost of $170 per pound b. All of the material purchased was used to produce 2.500 units of Zoom c 400 hours of direct labor time were recorded at a total labor cost of $5,200. Required: 1. Compute the materials price and quantity variances for the month 2. Compute the labor rate and efficiency variances for the month (For all requirements, Indicate the effect of each variance by selecting "P" for favorable. "U" for unfavorable, and "None" for no effect (.e., zero variance), Input all amounts as positive values. Round your intermediate calculations to the nearest whole dollar) 1 price variance Materials quantity variance Laborrate varance Labor ce Dawson Toys, Ltd., produces a toy called the Maze. The company has recently established a standard cost system to help control costs and has established the following standards for the Maze toy Direct materials: 7 microns per toy at $0.31 per micron Direct labor: 1.2 hours per toy at $6.90 per hour During July, the company produced 4700 Maze toys. The toy's production data for the month are as follows: Direct materials: 77,000 microns were purchased at a cost of $0.30 per micron. 35,875 of these microns were still in Inventory at the end of the month Direct labor. 6,240 direct labor-hours were worked at a cost of $45,552 Required: 1. Compute the following variances for July (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (.e., zero variance). Input all amounts as positive values. Do not round Intermediate calculations. Round final answer to the nearest whole dollar amount.) a. The materials price and quantity variances. b. The labor rate and efficiency variances 12 Material price variance Material quantity vanane 10Laborate variance Laboraceney variance