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	7.10	pounds	$ 1.80	per pound	$ 12.78
Direct labor	0.20	hours	$ 12.00	per hour	$ 2.40

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

19,250.00 pounds of material were purchased at a cost of $1.70 per pound.

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

400 hours of direct labor time were recorded at a total labor cost of $5,200.

Required:

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

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