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	6.90 pounds	$2.60 per pound	$17.94
direct labor	0.30 hours	$7.00 per hour	$2.10

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

A. 19,250.00 pounds of material were purchased at a cost of $2.40 per pound.

B. All of the material purchased was used to produce 2,500 units of Zoom.

C. 450 hours of direct labor time were recorded at a total labor cost of $4,500.

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

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