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 or Rate $ 2.80 per pound $.9.00 per hour During the most recent month, the following activity was recorded: Direct materials Direct labor Standard Quantity or Hours 7.30 pounds 0.60 hours a. Sixteen thousand six hundred pounds of material were purchased at a cost of $2.50 per pound. b. All of the material purchased was used to produce 2,000 units of Zoom. c. 1,000 hours of direct labor time were recorded at a total labor cost of $12,000. Required: 1. Compute the materials price and quantity variances for the month. 2. Compute the labor rate and efficiency variances for the month. Standard Cost $20.44 $ 5.40 1. Materials price variance 1. Materials quantity variance 2. Labor rate variance 2. Labor efficiency variance (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 intermediate calculations to the nearest whole dollar.)

Huron Company produces a commercial cleaning compound known as Zoom The direct matefiels and direct labor standars for one unit of Zoom are given below: During the most fecent month, the following activity was recorded: a. Suxteen thousand shx hundred pounds of material were purchased at a cost of $2.50 per pound b. All of the material purchased was used to produce 2.000 units of Zoom. c. 1,000 hours of direct labor time wore recorded at a fotal labor cost of $12,000. Required: 1. Compute the moterials price and quantify 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 unfovorable, and "None" for no effect (i.e., rero variance). Input all amounts as positive values. Round your intermediate calculations to the nearest whole dollat.)