Huron company produces

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: Quantity or Standard Price Standard Direct materials Direct labor 4.6 pounds .2 hours 2.58 per pound 11.58 - S 3.se S18.00 per hour During the most recent month, the following activity was recorded a. Twenty thousand pounds of material were purchased at a cost of $2 35 per pound b. All of the material purchased was used to produce 4,000 units of Zoom c. 750 hours of direct labor time were recorded at a total labor cost of $14 925 Required: Compute the materials price and quentity variances for the month 2 Compute the labor rate and efficiency variances for the month. For all requirements, Indicete the effect of each variance by selecting F" for favorable. "U" for unfavorable, and "None for no effect G.e. zero variance). Input all smounts as positive values. Do not round intermediate celculetions.) 1Materials price vanance Materials quantity variance 2 Labor rabe vaiance c Prey 9 of o ill Next 8 9