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	$ 2.50	per pound	$ 19.50
Direct labor	0.30	hours	$ 6.00	per hour	$ 1.80

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

Nine thousand three hundred pounds of material were purchased at a cost of $2.20 per pound.

All of the material purchased was used to produce 1,000 units of Zoom.

200 hours of direct labor time were recorded at a total labor cost of $1,400.

Required:

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

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