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: a. Eighteen thousand five hundred pounds of material were purchased at a cost of $1.40 per pound. b. All of the material purchased was used to produce 2,500 units of Zoom. c. 800 hours of direct labor time were recorded at a total labor cost of $13,600. 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 "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values. Round your intermedlate calculations to the nearest whole dollar.) 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: a. Eleven thousand eight hundred pounds of material were purchased at a cost of $2.40 per pound. b. The company produced only 1,180 units, using 10,620 pounds of materlab. (The rest of the material purchased remained in raw materials inventory.) c. 690 hours of direct labor time were recorded at a total labor cost of $8,280. Required: Compute the materials price and quantity variances for the month. (indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.)