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Huron Company produces a commerclal cleaning compound known as Zoom. The direct materlals and direct labor standards for one unit of Zoom are glven below:
Huron Company produces a commerclal cleaning compound known as Zoom. The direct materlals and direct labor standards for one unit of Zoom are glven below: During the most recent month, the following activity was recorded: a. Twelve thousand one hundred pounds of materlal were purchased at a cost of $250 per pound. b. All of the materlal purchased was used to produce 1,500 units of Zoom. c. 575 hours of direct labor time were recorded at a total labor cost of $5,750. Required: 1. Compute the materlals price and quantity varlances for the month. 2. Compute the labor rate and efficlency varlances for the month. (For all requirements, Indicate the effect of each varlance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (l.e., zero varlance). Input all amounts as positive values. Round your intermedlate calculations to the nearest whole dollar.)
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