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 Bus 5.30 pounds 0.0 hours Standard Price Rate $3.00 per pound 58.00 per hour Standard Coat Direttorials 3.20 During the most recent month, the following activity was recorded a Eleven thousand two hundred pounds of material were purchased at a cost of $2.90 per pound b. The company produced only 1.120 units, using 10.000 pounds of material. The rest of the material purchased remained in raw materials Inventory) c548 hours of direct labor time were recorded at a total labor cost of $6,576. Required: Compute the materialis price and quantity variances for the month indicate the effect of each warance by selecting favorable, "Ufor unfavorable, and "None" for no effect tre variance Input all amounts as positive values.) for Material price range a s quantity variance M