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 $7\mathrm{.}20$ pounds $ $2\mathrm{.}00$ per pounds $ $14\mathrm{.}40$

Direct labor $0\mathrm{.}35$ hours $ $5\mathrm{.}00$ per hour $ $1\mathrm{.}75$

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

a$.21,000$ pounds of material were purchased at a cost of $$1\mathrm{.}70$ per pound.

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

c$.725$ hours of direct labor time were recorded at a total labor cost of $$5,800.$

Required:

$1.$

Compute the materials price and quantity variances for the month. $($Indicate the effect of each variance by selecting $"$F$"$ for favorable, $"$U$"$ for unfavorable, and "None" for no effect $($i$.$e$.,$ zero variance$).)$

$2.$

Compute the labor rate and efficiency variances for the month. $($Indicate the effect of each variance by selecting $"$F$"$ for favorable, $"$U$"$ for unfavorable, and "None" for no effect $($i$.$e$.,$ zero variance$).$ Do not round your intermediate calculations.$)$