Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor standards for one unit are given below:

Standard Quantity or Hours Standard Price or Rate Standard Cost

Direct Materials $6\mathrm{.}40$ pounds $$1\mathrm{.}70$ per pound $$10\mathrm{.}88$

Direct Labor $0\mathrm{.}40$ hours $$14\mathrm{.}00$ per pound $$5\mathrm{.}60$

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

A$.$ Eighteen thousand five hundred pounds of material were purchased at a cost of $$1\mathrm{.}40$ per pound

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

C$.800$ hours of direct labor time were recorded at a total labor cost of $$13,600.$

Required:

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

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

Materials price Variance

Materials quantity variance

Labor rate variance

Labor efficiency variance