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Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor standarts for one unit of Zoom are given below
Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor standarts for one unit of Zoom are given below During the most recent month, the following activity was recorded a. 14,85000 pounds of material were purchased at a cost of $200 per pound. b. All of the material purchased was used to ptoduce 1.500 units of Zoom. c. 600 hours of direct labor time were recorded at a total labor cost of $4,200. Required: 1 Compule the matenals price and quantity variances for the month 2 Compute the labor rate and efficiency varances for the month (For all requirements, Indicote the effect of eoch voriance by selecting "F" for favorable, "U* for unfovorable, and "None" for no effect (i.e., zero varionce). Input all amounts as positive values. Round your internediote calculations to the nearest whole dollar.)
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