Huron Company produces a commerclal cleaning compound known as Zoom. The direct materials and direct labor standards for one unit of Zoom are given below. During the most recent month, the following activity was recorded. a. Eleven thousand four hundred pounds of material were purchased at a cost of $240 per pound b. The compary produced only 1,40 units, using t0,260 pounds of matenal. (The rest of the matenat purchased remained in raw materias inventory) c. 670 hours of dinect labor time weie recorded at a total abor cost of 58.040 Compute the materals price and quantity variances for the monh. (Indicate the effect of ench variance by selecting "F" for Required: foveroble, "U" for unfavorable, and "None" for no effect (l.e., zero vorionce). Input all amounts as positive values. Do not round intermedinte colculations.) 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: During the most recent month, the following activity was recorded: a. Eleven thousand four hundred pounds of material were purchased at a cost of $2.40 per pound b. The company produced only 1,140 units, using 10,260 pounds of material. (The rest of the material purchased remained in raw c. 670 hours of direct labor time were recorded at a total labor cost of $8,040 materiais inventory) Compute the materials price and quantity variances for the month. (Indicate the effect of each varionce by selecting "F" for Required: fovorable, "U" for unfovorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values. Do not round intermediate calculations.)