Huton 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. Twenty thousand pounds of materlal 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. Requlred: 1. Compute the matenais price and quantity variances for the month. 2. Compute the labor rate and efficiency variances for the month. (For all requirements, Indicate the effect of each voriance by selecting "F* for favorable, "U" for unfavorable, and "None" for no effect (li.e, zero veriance). Input all amounts as positive volues.)