Huron Company produces a commercial cleaning conpound known as Zoom. The direct materials and direct labor standards for one unit of Zoom are given below: Standard Quantity or Standard Prics Standard Cost 19.72 S 1.80 Hours or Rate Direct materials Direct labor 6.80 pounds 2.90 per pound 0.20 hours 9.00 per hour During the most recent month, the follkowing activity was recorded: a. 15,100 pounds of material were purchased at a cost of $2.60 per pound. b. All of the material purchased was used to produce 2,000 units of Zoom. C. 300 hours of direct labor time were recorded at a total labor cost of $3,300 Required: 1. Compute the materials price and quantity variances for the month. (Indicate the effect of each varlance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (l.e., zero variance).) Direct materials price variance Direct materials quantity 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).) Direct labor rate variance Direct labor elficiency variance