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: StandardStandard Price Cost Quantity or Standard Price Standard Hours or Rate Direct materials Direct labor 7.20 pounds 2.90 per pound 20.88 $ 10.00 per hour 0.50 hours S 5.00 During the most recent month, the following activity was recorded: a. 16,900 pounds of material were purchased at a cost of $2.60 per pound. b. All of the material purchased was used to produce 2,000 units of Zoom. C. 800 hours of direct labor time were recorded at a total labor cost of $8,800