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Huron Compony produces a commercial cleaning compound known as Zoom. The direct materials and direct labor standards for one unit of Zoom are given below:
Huron Compony 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 octivity was recorded: a, Elghteen thousand five hundred pounds of moterial were purchased at a cost of $1.40 per pound. b. All of the mateial purchaced was used to produce 2,500 units of Zoom . 800 hours of direct labor time were recorded at a total laber cost of $13,600 Required: 1. Compute the materials price and quantity variances for the month. 2. Compute the labor rate and efficiency vaniances for the month (For all requirements, Indicate the effect of each variance by selecting "F" foc favorable, "U" for unfivarable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values. Round your intermediate calculations to the nearest whole doltac.)
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