Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor standards for one unit of Zoom are glven below: During the most recent month, the following activity was recorded: a. Eeven thousand six hundred pounds of material were purchased at a cost of $2.90 per pound. b. The company produced only 1,160 units, using 10,440 pounds of material. (The rest of the material purchased remained in raw materials inventory] c. 564 hours of direct labor time were recorded at a total labor cost of $6,768. Compute the materials price and quantily variances for the month. (Indicate the effect of each variance by selecting "F" for Required: favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.)